Tofutti Brands (OTCMKTS:TOFB) Trading Down 2.6% – Here’s Why

by · The Markets Daily

Tofutti Brands Inc. (OTCMKTS:TOFB – Get Free Report)’s stock price fell 2.6% on Tuesday . The stock traded as low as $0.37 and last traded at $0.37. 250 shares were traded during trading, a decline of 95% from the average session volume of 4,662 shares. The stock had previously closed at $0.38.

Tofutti Brands Price Performance

The business’s 50-day moving average price is $0.50 and its 200-day moving average price is $0.62. The firm has a market capitalization of $1.92 million, a PE ratio of -1.96 and a beta of 0.74.

Tofutti Brands (OTCMKTS:TOFB – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) EPS for the quarter. The company had revenue of $1.79 million for the quarter. Tofutti Brands had a negative net margin of 13.09% and a negative return on equity of 45.27%.

About Tofutti Brands

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Tofutti Brands Inc develops, manufactures and markets plant-based, dairy-free foods under the Tofutti brand. Its product portfolio includes frozen desserts such as dairy-free ice cream and novelties, along with refrigerated alternatives including sour cream, cream cheese, ricotta and other dairy-free products.

The company was founded in 1981 by David Mintz and helped establish the market for non-dairy frozen desserts. Tofutti’s products are designed for consumers seeking vegan options and for those avoiding milk or other dairy ingredients.

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