Tofutti Brands (OTCMKTS:TOFB) Trading 7.7% Higher – Here’s What Happened

Tofutti Brands Inc. (OTCMKTS:TOFB)’s stock price traded up 7.7% during mid-day trading on Tuesday . The company traded as high as $0.70 and last traded at $0.70. Approximately 1,634 shares were traded during mid-day trading, an increase of 214% from the average session volume of 520 shares. The stock had previously closed at $0.6498.

Tofutti Brands Stock Performance

The stock’s 50-day simple moving average is $0.65 and its two-hundred day simple moving average is $0.70. The stock has a market cap of $3.61 million, a price-to-earnings ratio of -4.12 and a beta of 0.77.

Tofutti Brands (OTCMKTS:TOFB) last issued its quarterly earnings results on Monday, May 18th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $1.56 million during the quarter. Tofutti Brands had a negative net margin of 11.25% and a negative return on equity of 36.07%.

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.