Tofutti Brands (OTCMKTS:TOFB) Trading 2.8% Higher – Should You Buy?

Tofutti Brands Inc. (OTCMKTS:TOFB) traded up 2.8% on Monday . The company traded as high as $0.82 and last traded at $0.74. Approximately 2,400 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 3,669 shares. The stock had previously closed at $0.7201.

Tofutti Brands Stock Up 4.3%

The stock has a market capitalization of $3.72 million, a P/E ratio of -5.54 and a beta of 0.86. The company has a 50 day moving average of $0.73 and a 200-day moving average of $0.73.

Tofutti Brands (OTCMKTS:TOFB) last released its earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share for the quarter. Tofutti Brands had a negative net margin of 7.93% and a negative return on equity of 22.08%. The business had revenue of $1.91 million for the quarter.

Tofutti Brands Company Profile

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.