Armanino Foods Of Distinction Inc. (OTCMKTS:AMNF)’s Drops Below $2 Per Share

[[tagnumber 0]][[tagnumber 1]]Armanino Foods Of Distinction Inc. (OTCMKTS:AMNF)’s stock hasn’t been doing very well lately. After climbing throughout most of this year we have seen the ticker slide down the charts in the past couple of months.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]What differentiates [[tagnumber 6]]AMNF[[tagnumber 7]] from other OTC entities is the lack of volatility and liquidity. Despite this we see that the company is pretty decent. A quick look at the latest financial report filed under the Alternative Reporting Standard shows just that.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2.3 million[[tagnumber 13]] [[tagnumber 12]]current assets: $10.1 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $3 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $7.6 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income: $975 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This looks quite good for an OTC listed entities and a quick look at the previous reports paints an even better picture. We see that the revenues and the net income rising steadily through time, only with a few dips here and there.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Another great thing about [[tagnumber 6]]AMNF[[tagnumber 7]] is that the company has been giving dividends for quite some time now. Although they are small, it shows that the management values its shareholders and wants them to benefit from the steady growth of the company.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the fact that earlier this month we got some pretty optimistic news, concerning an unexpected increase in revenues for the third quarter of the year, we didn’t see [[tagnumber 6]]AMNF[[tagnumber 7]] react. In fact, the ticker kept slowly sliding down the charts and even made a bigger step south after a 7.04% loss in yesterday’s session, which left [[tagnumber 6]]AMNF[[tagnumber 7]] at $1.98 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering today’s performance we may see the ticker continue its slide for the time being, especially with the lack of press releases. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]