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

Mamamancini’s (OTCMKTS:MMMB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday, 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. “

MMMB stock opened at $0.52 on Thursday. The stock has a 50 day moving average of $0.54. The company has a market capitalization of $16.57 million, a PE ratio of 26.00 and a beta of 0.31. Mamamancini’s has a 1-year low of $0.33 and a 1-year high of $1.00.

Mamamancini’s (OTCMKTS:MMMB) last issued its earnings results on Tuesday, April 23rd. The company reported $0.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.01). The firm had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $8.82 million. Mamamancini’s had a negative return on equity of 46.74% and a net margin of 2.07%. On average, sell-side analysts predict that Mamamancini’s will post 0.06 EPS for the current year.

Mamamancini’s Company Profile

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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