Tofutti Brands (OTCMKTS:TOFB) Trading 2.8% Higher – Still a Buy?
by Danessa Lincoln · The Markets DailyTofutti Brands Inc. (OTCMKTS:TOFB – Get Free Report) shot up 2.8% during mid-day trading on Monday . The company traded as high as $0.82 and last traded at $0.74. 2,400 shares traded hands during trading, a decline of 35% from the average session volume of 3,669 shares. The stock had previously closed at $0.7201.
Tofutti Brands Stock Up 2.8%
The company has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.73. The firm has a market cap of $3.82 million, a P/E ratio of -5.69 and a beta of 0.86.
Tofutti Brands (OTCMKTS:TOFB – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $1.91 million for the quarter. Tofutti Brands had a negative net margin of 7.93% and a negative return on equity of 22.08%.
About Tofutti Brands
Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.
Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.