Armanino Foods of Distinction (OTCMKTS:AMNF) Shares Cross Below 200-Day Moving Average – Time to Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.73 and traded as low as $10.20. Armanino Foods of Distinction shares last traded at $10.30, with a volume of 17,242 shares.

Analysts Set New Price Targets

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

Armanino Foods of Distinction Stock Performance

The company has a market cap of $315.59 million, a price-to-earnings ratio of 16.61 and a beta of 0.08. The company’s fifty day moving average is $10.29 and its two-hundred day moving average is $10.73.

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.