Tofutti Brands Inc. (OTCMKTS:TOFB – Get Free Report) shares shot up 17.3% on Wednesday. The stock traded as high as $0.38 and last traded at $0.38. 100 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,248 shares. The stock had previously closed at $0.3239.
Tofutti Brands Trading Up 17.3%
The firm has a market cap of $1.96 million, a PE ratio of -2.00 and a beta of 0.77. The business’s 50-day simple moving average is $0.39 and its 200 day simple moving average is $0.60.
Tofutti Brands (OTCMKTS:TOFB – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. Tofutti Brands had a negative net margin of 13.09% and a negative return on equity of 45.27%. The company had revenue of $1.79 million for the quarter.
About Tofutti Brands
Tofutti Brands Inc develops, manufactures and markets dairy-free and plant-based food products under the Tofutti brand. Its product portfolio includes frozen desserts, non-dairy sour cream and cream cheese alternatives, ricotta-style products, and other vegan substitutes for traditional dairy foods. Many of its products are also positioned as kosher and suitable for consumers seeking lactose-free or plant-based options.
The company was founded in 1981 by David Mintz, who helped popularize soy-based frozen desserts and other non-dairy foods.
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