Tofutti Brands (OTCMKTS:TOFB – Get Free Report) announced its earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports. Tofutti Brands had a negative net margin of 11.25% and a negative return on equity of 33.91%. The business had revenue of $1.56 million during the quarter.
Tofutti Brands Stock Performance
TOFB stock opened at $0.62 on Wednesday. The stock has a market capitalization of $3.21 million, a P/E ratio of -3.65 and a beta of 0.84. Tofutti Brands has a 12 month low of $0.55 and a 12 month high of $0.85. The firm has a 50-day moving average price of $0.71 and a 200-day moving average price of $0.72.
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.
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