Tofutti Brands (OTCMKTS:TOFB) Trading Down 1.6%

Tofutti Brands Inc. (OTCMKTS:TOFB)’s stock price was down 1.6% during mid-day trading on Friday . The stock traded as low as $1.90 and last traded at $1.90, approximately 860 shares were traded during mid-day trading. A decline of 63% from the average daily volume of 2,294 shares. The stock had previously closed at $1.93.

Separately, ValuEngine raised Tofutti Brands from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

The firm has a market capitalization of $9.80 million, a P/E ratio of 15.83 and a beta of 1.43. The firm has a 50 day moving average price of $2.23 and a 200-day moving average price of $2.08. The company has a current ratio of 5.12, a quick ratio of 2.83 and a debt-to-equity ratio of 0.13.

Tofutti Brands (OTCMKTS:TOFB) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $3.14 million during the quarter. Tofutti Brands had a net margin of 0.36% and a return on equity of 1.22%.

About Tofutti Brands (OTCMKTS:TOFB)

Tofutti Brands, Inc engages in the development, production, and marketing of TOFUTTI branded dairy free frozen desserts and other food products in the United States and internationally. It offers frozen desserts, including frozen sandwiches and chocolate-coated crispy cones; dairy free vegan cheese products, such as cream cheese, sour cream, cheese slices, and dairy free ricotta cheese alternatives; spreads; and frozen food products comprising frozen crepes.

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