Mamamancini’s (OTCMKTS:MMMB) Upgraded at ValuEngine

ValuEngine upgraded shares of Mamamancini’s (OTCMKTS:MMMB) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Mamamancini’s from a buy rating to a hold rating in a research note on Wednesday. Taglich Brothers restated a speculative buy rating on shares of Mamamancini’s in a report on Tuesday, October 1st.

Shares of OTCMKTS MMMB opened at $0.78 on Thursday. Mamamancini’s has a twelve month low of $0.33 and a twelve month high of $0.90. The stock has a market cap of $24.45 million, a price-to-earnings ratio of 39.00 and a beta of 0.45. The company’s fifty day moving average is $0.67 and its 200-day moving average is $0.57.

Mamamancini’s (OTCMKTS:MMMB) last released its quarterly earnings data on Thursday, September 12th. The company reported $0.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $8.10 million during the quarter. Mamamancini’s had a net margin of 3.76% and a negative return on equity of 125.89%. As a group, analysts forecast that Mamamancini’s will post 0.06 EPS for the current fiscal 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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