Tofutti Brands (OTCMKTS:TOFB) Shares Up 1.3% – Here’s What Happened

Tofutti Brands Inc. (OTCMKTS:TOFB)’s stock price was up 1.3% during mid-day trading on Friday . The stock traded as high as $0.76 and last traded at $0.76. Approximately 2,204 shares were traded during trading, a decline of 20% from the average daily volume of 2,771 shares. The stock had previously closed at $0.75.

Tofutti Brands Trading Up 1.3 %

The company has a fifty day moving average of $0.83 and a 200-day moving average of $0.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.66 and a quick ratio of 3.37. The firm has a market capitalization of $3.91 million, a PE ratio of -12.67 and a beta of 1.10.

Tofutti Brands (OTCMKTS:TOFB) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. Tofutti Brands had a negative net margin of 3.00% and a negative return on equity of 7.69%. The business had revenue of $2.28 million during the quarter.

About Tofutti Brands

Tofutti Brands Inc engages in the development, production, and marketing of plant based, dairy free vegan frozen desserts, cheeses, and other food products under the TOFUTTI brand in the United States, Europe, the Middle East, the Asia Pacific, and Africa. The company offers frozen desserts, including frozen sandwiches and chocolate wafers; ice cream sandwiches; dairy free vegan cheese products, such as cream cheese, sour cream, cheese slices, and dairy free ricotta cheese alternatives; spreads; and frozen food products.