Organto Foods (CVE:OGO) Shares Up 2.9% – Time to Buy?

Organto Foods Inc. (CVE:OGO)’s share price shot up 2.9% on Thursday . The company traded as high as C$0.70 and last traded at C$0.70. 112,600 shares were traded during trading, a decline of 10% from the average session volume of 124,481 shares. The stock had previously closed at C$0.68.

Analyst Upgrades and Downgrades

Separately, Atrium Research upgraded shares of Organto Foods to a “strong-buy” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Organto Foods Stock Performance

The company has a quick ratio of 1.14, a current ratio of 0.66 and a debt-to-equity ratio of 7,545.02. The business has a 50 day moving average price of C$0.62 and a two-hundred day moving average price of C$0.56. The stock has a market cap of C$125.92 million, a P/E ratio of -3.68 and a beta of -1.36.

Organto Foods Company Profile

Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit, and vegetable products. The company's products include vegetable and fruit products comprising asparagus, avocado, blueberries, ginger, herbs, mango, limes, raspberries, snow peas, sugar snaps, fine green beans, and other products under the I AM Organic, Awesome, Fresh Organic Choice brands.