Mama’s Creations (NASDAQ:MAMA) Announces Quarterly Earnings Results

Mama’s Creations (NASDAQ:MAMA) released its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01, Zacks reports. Mama’s Creations had a return on equity of 16.52% and a net margin of 3.02%.

Mama’s Creations Price Performance

MAMA traded down $0.14 during midday trading on Tuesday, hitting $6.90. The company had a trading volume of 549,778 shares, compared to its average volume of 349,796. Mama’s Creations has a twelve month low of $4.38 and a twelve month high of $9.98. The company has a market capitalization of $259.35 million, a PE ratio of 76.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.00 and a current ratio of 1.17. The firm’s 50-day simple moving average is $6.68 and its 200-day simple moving average is $7.58.

Analyst Ratings Changes

MAMA has been the topic of several research reports. Lake Street Capital boosted their price objective on shares of Mama’s Creations from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Roth Mkm reaffirmed a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Mama’s Creations in a research note on Tuesday, December 17th.

Mama’s Creations Company Profile

Mama’s Creations, Inc engages in the marketing, manufacturing, and distribution of beef meatballs with sauce, turkey meatballs with sauce, beef meat loaf, sausage and peppers, chicken parmesan, and other similar meats and sauces. Its products include beef meatballs, turkey meatballs, stuffed meatballs, lasagna roll ups, retail ready meals, bulk deli, single-size pasta bowls, and packaged refrigerated products.