Armanino Foods of Distinction (OTCMKTS:AMNF) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Shares of Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.09 and traded as low as $10.23. Armanino Foods of Distinction shares last traded at $10.35, with a volume of 6,705 shares trading hands.

Analyst Ratings Changes

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

Armanino Foods of Distinction Stock Performance

The firm has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $10.84. The stock has a market cap of $323.85 million, a P/E ratio of 17.66 and a beta of 0.12.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Armanino Foods of Distinction had a return on equity of 50.33% and a net margin of 24.52%.The company had revenue of $19.50 million during the quarter, compared to analyst estimates of $19.40 million.

About Armanino Foods of Distinction

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.