Mamamancini’s (MMMB) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of Mamamancini’s (OTCMKTS:MMMB) from a hold rating to a sell rating in a report published on Thursday morning, Zacks.com 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. “

Shares of OTCMKTS:MMMB opened at $0.62 on Thursday. Mamamancini’s has a one year low of $0.46 and a one year high of $1.25. The firm has a market capitalization of $17.17 million, a price-to-earnings ratio of 55.00 and a beta of 0.36.

Mamamancini’s (OTCMKTS:MMMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.01). Mamamancini’s had a net margin of 1.93% and a negative return on equity of 38.65%. The firm had revenue of $6.90 million during the quarter, compared to the consensus estimate of $8.82 million. On average, equities research analysts anticipate that Mamamancini’s will post 0.06 earnings per share 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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