MamaMancini’s (OTCMKTS:MMMB) Issues Earnings Results

MamaMancini’s (OTCMKTS:MMMB) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01, Fidelity Earnings reports. MamaMancini’s had a net margin of 9.49% and a return on equity of 46.13%.

MMMB stock traded up $0.13 during mid-day trading on Friday, hitting $2.84. 168,953 shares of the company were exchanged, compared to its average volume of 207,910. The company has a quick ratio of 1.92, a current ratio of 2.25 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $101.13 million, a P/E ratio of 25.82 and a beta of 1.42. The business has a fifty day simple moving average of $2.63 and a 200-day simple moving average of $2.63. MamaMancini’s has a 12-month low of $1.66 and a 12-month high of $4.21.

Separately, Zacks Investment Research upgraded shares of MamaMancini’s from a “sell” rating to a “hold” rating in a research report on Thursday, June 24th.

MamaMancini’s Company Profile

MamaMancini’s Holdings, Inc engages in the marketing of specialty prepared, frozen, and refrigerated foods for sale in retailers. Its products include meatballs with Italian sauce, meatloaf, and Italian entrees as well as beef, turkey, chicken, and pork. The company was founded by Daniel Dougherty and Daniel Mancini on July 22, 2009 and is headquartered in East Rutherford, NJ.

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Earnings History for MamaMancini`s (OTCMKTS:MMMB)

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