MamaMancini’s (OTCMKTS:MMMB) Stock Crosses Above 50 Day Moving Average of $1.46

Shares of MamaMancini’s Holdings, Inc. (OTCMKTS:MMMB – Get Rating) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.46 and traded as high as $1.93. MamaMancini’s shares last traded at $1.93, with a volume of 43,820 shares traded.

MamaMancini’s Stock Performance

The company has a 50-day simple moving average of $1.46 and a two-hundred day simple moving average of $1.33. The company has a quick ratio of 0.96, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $70.09 million, a PE ratio of -64.33 and a beta of 0.89.

MamaMancini’s (OTCMKTS:MMMB – Get Rating) last posted its quarterly earnings data on Monday, December 12th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. MamaMancini’s had a negative return on equity of 9.73% and a negative net margin of 1.01%. The business had revenue of $25.69 million for the quarter, compared to analysts’ expectations of $22.90 million. As a group, equities research analysts forecast that MamaMancini’s Holdings, Inc. will post 0.03 earnings per share for the current year.

Institutional Trading of MamaMancini’s

Several hedge funds have recently made changes to their positions in MMMB. Virtu Financial LLC bought a new stake in shares of MamaMancini’s during the 1st quarter valued at $30,000. Prime Capital Investment Advisors LLC bought a new stake in shares of MamaMancini’s during the 3rd quarter valued at $55,000. AE Wealth Management LLC bought a new stake in shares of MamaMancini’s during the 2nd quarter valued at $70,000. B. Riley Wealth Management Inc. raised its stake in shares of MamaMancini’s by 100.2% during the 2nd quarter. B. Riley Wealth Management Inc. now owns 73,055 shares of the company’s stock valued at $102,000 after purchasing an additional 36,565 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of MamaMancini’s during the 3rd quarter valued at $103,000. 12.23% of the stock is currently owned by institutional investors.

MamaMancini’s Company Profile

(Get Rating)

MamaMancini’s Holdings, Inc engages in the marketing of specialty prepared, frozen, and refrigerated foods for sale in retailers. Its products include meatballs with Italian sauce, meatloaf, and Italian entrees as well as beef, turkey, chicken, and pork. The company was founded by Daniel Dougherty and Daniel Mancini on July 22, 2009 and is headquartered in East Rutherford, NJ.