Mamamancini’s (OTCMKTS:MMMB) Issues Quarterly Earnings Results

Mamamancini’s (OTCMKTS:MMMB) released its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01, Morningstar.com reports. Mamamancini’s had a negative return on equity of 105.15% and a net margin of 3.76%. The firm had revenue of $8.10 million for the quarter.

OTCMKTS MMMB opened at $0.60 on Friday. The firm has a market cap of $15.05 million, a P/E ratio of 16.00 and a beta of 0.35. The stock’s 50-day moving average is $0.48 and its 200-day moving average is $0.59. Mamamancini’s has a one year low of $0.33 and a one year high of $1.00.

MMMB has been the topic of several analyst reports. ValuEngine lowered Mamamancini’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research raised Mamamancini’s from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 4th.

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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