Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Short Interest Update

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 3,021 shares, a growth of 1,498.4% from the April 15th total of 189 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 43,288 shares, the days-to-cover ratio is presently 0.1 days.

Armanino Foods of Distinction Price Performance

OTCMKTS:AMNF traded down $0.52 during mid-day trading on Monday, hitting $10.17. The company’s stock had a trading volume of 58,064 shares, compared to its average volume of 54,691. Armanino Foods of Distinction has a 1 year low of $7.59 and a 1 year high of $12.25. The stock has a market cap of $315.93 million, a price-to-earnings ratio of 16.40 and a beta of 0.07. The business’s fifty day moving average is $10.49 and its two-hundred day moving average is $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. Armanino Foods of Distinction had a net margin of 25.06% and a return on equity of 49.10%. The company had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Analysts anticipate that Armanino Foods of Distinction will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMNF has been the topic of a number of recent research reports. Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. Roth Mkm initiated coverage on Armanino Foods of Distinction in a research report on Friday, January 23rd. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Zacks Research upgraded Armanino Foods of Distinction to a “hold” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $15.00.

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. 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.