Tofutti Brands (OTCMKTS:TOFB – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, Zacks reports. Tofutti Brands had a negative return on equity of 36.07% and a negative net margin of 11.25%.
Tofutti Brands Stock Down 1.3%
Tofutti Brands stock traded down $0.01 during midday trading on Tuesday, reaching $0.49. The stock had a trading volume of 30,037 shares, compared to its average volume of 4,522. The firm has a market cap of $2.52 million, a price-to-earnings ratio of -2.87 and a beta of 0.77. Tofutti Brands has a 52-week low of $0.42 and a 52-week high of $0.85. The company has a fifty day moving average of $0.65 and a 200 day moving average of $0.69.
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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