Zacks Investment Research Lowers Mamamancini’s (OTCMKTS:MMMB) to Hold

Zacks Investment Research downgraded shares of Mamamancini’s (OTCMKTS:MMMB) from a buy rating to a hold rating in a research note released on Wednesday, 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. “

Other equities research analysts also recently issued reports about the company. Taglich Brothers reaffirmed a speculative buy rating on shares of Mamamancini’s in a report on Tuesday, October 1st. ValuEngine raised Mamamancini’s from a strong sell rating to a sell rating in a research note on Wednesday, November 20th.

Shares of OTCMKTS:MMMB opened at $0.78 on Wednesday. Mamamancini’s has a one year low of $0.33 and a one year high of $0.90. The stock has a fifty day moving average of $0.67 and a 200-day moving average of $0.57. The company has a market capitalization of $24.45 million, a PE ratio of 39.00 and a beta of 0.45.

Mamamancini’s (OTCMKTS:MMMB) last issued its earnings results on Thursday, September 12th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $8.10 million for the quarter. Mamamancini’s had a negative return on equity of 125.89% and a net margin of 3.76%. As a group, research analysts expect that Mamamancini’s will post 0.06 earnings per share 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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