Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Passes Below 200 Day Moving Average – What’s Next?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.75 and traded as low as $10.35. Armanino Foods of Distinction shares last traded at $10.42, with a volume of 9,915 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Lake Street Capital initiated coverage on shares of Armanino Foods of Distinction in a research report on Thursday, February 26th. They set a “buy” rating and a $15.00 target price for the company. Zacks Research upgraded Armanino Foods of Distinction to a “hold” rating in a research note on Monday, January 26th. Finally, Roth Mkm started coverage on Armanino Foods of Distinction in a research report on Friday, January 23rd. They set a “buy” rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Price Performance

The firm’s 50 day moving average price is $11.43 and its 200-day moving average price is $10.75. The firm has a market cap of $331.34 million, a price-to-earnings ratio of 19.38 and a beta of 0.09.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.