Mamamancini’s (OTCMKTS:MMMB) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Mamamancini’s (OTCMKTS:MMMB) from a sell rating to a hold rating in a research report sent to investors on Saturday, Zacks.com reports.

According to Zacks, “MamaMancini’s Holding’s, Inc. is involved in manufacturing & distributing of food products primarily in the United States. It offers beef meatballs with sauce, turkey meatballs with sauce, chicken meatballs with sauce, pork meatballs with sauce and other similar Italian products. The company sells its products to supermarket and mass market retailers. MamaMancini’s Holding’s, Inc. is based in East Rutherford, New Jersey. “

Shares of Mamamancini’s stock opened at $0.50 on Friday. The company’s 50-day simple moving average is $0.58. Mamamancini’s has a twelve month low of $0.33 and a twelve month high of $1.04. The firm has a market cap of $15.94 million, a price-to-earnings ratio of 25.00 and a beta of 0.53.

Mamamancini’s (OTCMKTS:MMMB) last issued its earnings results on Tuesday, April 23rd. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.01). Mamamancini’s had a net margin of 2.07% and a negative return on equity of 46.74%. The business had revenue of $6.90 million for the quarter, compared to analyst estimates of $8.82 million. As a group, equities research analysts anticipate that Mamamancini’s will post 0.06 EPS for the current year.

About Mamamancini’s

MamaMancini's Holdings, Inc manufactures and distributes prepared, frozen, and refrigerated food products primarily in the United States. The company offers beef, turkey, chicken, and pork meatballs with sauce; meatloaf and Italian entrees; and meats and sauces. It sells its products through a commission broker network to supermarkets and mass-market retailers, and food distributors.

See Also: Bond

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