Armanino Foods of Distinction (OTCMKTS:AMNF) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.80 and traded as low as $10.24. Armanino Foods of Distinction shares last traded at $10.24, with a volume of 55,946 shares changing hands.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Price Performance

The firm has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.79. The stock has a market capitalization of $313.75 million, a P/E ratio of 16.52 and a beta of 0.08.

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.