MamaMancini’s (OTCMKTS:MMMB) Stock Price Crosses Above 50 Day Moving Average of $1.37

MamaMancini’s Holdings, Inc. (OTCMKTS:MMMB – Get Rating)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.37 and traded as high as $1.38. MamaMancini’s shares last traded at $1.38, with a volume of 6,686 shares.

Analysts Set New Price Targets

Separately, TheStreet cut shares of MamaMancini’s from a “b-” rating to a “c-” rating in a report on Friday, June 10th.

MamaMancini’s Stock Up 0.7 %

The company has a current ratio of 1.40, a quick ratio of 1.00 and a debt-to-equity ratio of 1.33. The stock’s 50-day moving average is $1.37 and its 200-day moving average is $1.63. The stock has a market cap of $49.38 million, a P/E ratio of -46.00 and a beta of 1.27.

MamaMancini’s (OTCMKTS:MMMB – Get Rating) last posted its quarterly earnings data on Tuesday, May 31st. The company reported ($0.04) EPS for the quarter. The firm had revenue of $13.85 million for the quarter. MamaMancini’s had a negative net margin of 1.33% and a negative return on equity of 8.87%. As a group, research analysts anticipate that MamaMancini’s Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MamaMancini’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MMMB. National Asset Management Inc. boosted its stake in MamaMancini’s by 83.0% during the fourth quarter. National Asset Management Inc. now owns 227,623 shares of the company’s stock worth $458,000 after buying an additional 103,232 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of MamaMancini’s by 1,566.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 50,000 shares of the company’s stock valued at $101,000 after buying an additional 47,000 shares during the last quarter. Raymond James & Associates raised its holdings in shares of MamaMancini’s by 21.0% in the fourth quarter. Raymond James & Associates now owns 67,113 shares of the company’s stock valued at $135,000 after buying an additional 11,648 shares during the last quarter. Diversified Investment Strategies LLC acquired a new stake in MamaMancini’s in the first quarter worth about $117,000. Finally, Alpha Cubed Investments LLC increased its position in MamaMancini’s by 13.5% in the first quarter. Alpha Cubed Investments LLC now owns 63,200 shares of the company’s stock worth $106,000 after purchasing an additional 7,500 shares during the period. Institutional investors and hedge funds own 11.11% of the company’s stock.

MamaMancini’s Company Profile

(Get Rating)

MamaMancini's Holdings, Inc manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States. The company offers beef and turkey meatballs, beef meat loaf, chicken parmesan, and sausage-related products and pasta entrees with Italian sauce; and other related meats and sauces.