Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.75 and traded as low as $10.35. Armanino Foods of Distinction shares last traded at $10.42, with a volume of 9,915 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMNF. Lake Street Capital started coverage on shares of Armanino Foods of Distinction in a research report on Thursday, February 26th. They set a “buy” rating and a $15.00 price objective for the company. Zacks Research upgraded shares of Armanino Foods of Distinction to a “hold” rating in a research note on Monday, January 26th. Finally, Roth Mkm began coverage on shares of Armanino Foods of Distinction in a research report on Friday, January 23rd. They issued a “buy” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Stock Down 0.2%

The company’s fifty day moving average price is $11.46 and its two-hundred day moving average price is $10.75. The firm has a market cap of $323.85 million, a PE ratio of 18.95 and a beta of 0.09.

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.