Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Short Interest Down 99.7% in March
by Sarita Garza · The Markets DailyArmanino Foods of Distinction Inc. (OTCMKTS:AMNF – Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 9 shares, a decrease of 99.7% from the March 15th total of 3,411 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 47,053 shares, the short-interest ratio is presently 0.0 days.
Armanino Foods of Distinction Stock Down 0.1%
AMNF traded down $0.01 on Friday, hitting $10.40. 5,890 shares of the company traded hands, compared to its average volume of 27,550. The stock has a market capitalization of $323.21 million, a PE ratio of 17.63 and a beta of 0.12. The company has a 50 day moving average of $10.99 and a 200-day moving average of $10.84. Armanino Foods of Distinction has a 12-month low of $7.27 and a 12-month high of $12.25.
Armanino Foods of Distinction (OTCMKTS:AMNF – Get Free Report) last issued its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $19.50 million during the quarter, compared to the consensus estimate of $19.40 million. Armanino Foods of Distinction had a return on equity of 50.33% and a net margin of 24.52%.
Wall Street Analyst Weigh In
Several analysts have commented on AMNF shares. Roth Mkm started coverage on Armanino Foods of Distinction in a research note on Friday, January 23rd. They set a “buy” rating and a $15.00 price objective for the company. Lake Street Capital raised Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday. Finally, Zacks Research raised Armanino Foods of Distinction to a “hold” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $15.00.
Read Our Latest Report on Armanino Foods of Distinction
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.