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

Mamamancini’s (OTCMKTS:MMMB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, 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. “

Several other research firms also recently weighed in on MMMB. Taglich Brothers restated a “speculative buy” rating on shares of Mamamancini’s in a report on Tuesday, October 1st. ValuEngine raised shares of 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 $0.77 on Wednesday. The business’s 50 day moving average is $0.66 and its 200 day moving average is $0.57. The stock has a market cap of $21.94 million, a P/E ratio of 38.75 and a beta of 0.45. Mamamancini’s has a 52-week low of $0.33 and a 52-week high of $0.90.

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