Tofutti Brands Inc. (OTCMKTS:TOFB – Get Free Report) shares were up 2.4% during trading on Tuesday. The stock traded as high as $0.3850 and last traded at $0.3850. 1,400 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 3,560 shares. The stock had previously closed at $0.3760.
Tofutti Brands Stock Performance
The firm has a market capitalization of $1.99 million, a P/E ratio of -2.03 and a beta of 0.77. The stock has a 50-day moving average of $0.42 and a 200 day moving average of $0.59.
Tofutti Brands (OTCMKTS:TOFB – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.02) earnings per share for the quarter. Tofutti Brands had a negative net margin of 13.09% and a negative return on equity of 45.27%. The business had revenue of $1.79 million for the quarter.
Tofutti Brands Company Profile
Tofutti Brands Inc develops, manufactures and distributes plant-based, dairy-free and kosher food products. The company is best known for its Tofutti line of non-dairy frozen desserts, including ice cream-style products, frozen sandwiches and novelties.
Its product portfolio also includes dairy-free alternatives to sour cream, cream cheese, ricotta and other traditional dairy products. These offerings are marketed to consumers seeking vegan, lactose-free, kosher or otherwise non-dairy foods.
Tofutti products are sold through retail and food-service channels, primarily in the United States, with some distribution in international markets.
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