Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Passes Above 200-Day Moving Average – Here’s Why

Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.55 and traded as high as $7.85. Armanino Foods of Distinction shares last traded at $7.85, with a volume of 11,670 shares traded.

Armanino Foods of Distinction Stock Up 2.6%

The stock has a market capitalization of $247.25 million, a PE ratio of 19.63 and a beta of 0.10. The company has a 50-day moving average of $7.67 and a 200 day moving average of $7.55.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its earnings results on Monday, May 5th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $16.98 million during the quarter. Armanino Foods of Distinction had a return on equity of 41.38% and a net margin of 19.11%.

Armanino Foods of Distinction Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were issued a $0.04 dividend. This is a boost from Armanino Foods of Distinction’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Friday, April 4th. Armanino Foods of Distinction’s dividend payout ratio is presently 32.00%.

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.