Mamamancini’s (OTCMKTS:MMMB) Issues Earnings Results, Hits Expectations

Mamamancini’s (OTCMKTS:MMMB) released its quarterly earnings results on Monday. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02, MarketWatch Earnings reports. Mamamancini’s had a net margin of 5.40% and a return on equity of 583.86%.

Shares of Mamamancini’s stock opened at $2.36 on Tuesday. The firm’s 50-day moving average price is $1.89 and its two-hundred day moving average price is $1.59. The company has a market capitalization of $79.30 million, a price-to-earnings ratio of 47.19 and a beta of 1.30. Mamamancini’s has a 12-month low of $0.51 and a 12-month high of $2.43. The company has a quick ratio of 1.27, a current ratio of 1.52 and a debt-to-equity ratio of 4.19.

Separately, Zacks Investment Research cut shares of Mamamancini’s from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd.

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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Earnings History for Mamamancini`s (OTCMKTS:MMMB)

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