Shares of Tofutti Brands Inc. (OTCMKTS:TOFB – Get Free Report) fell 2.6% during trading on Tuesday . The stock traded as low as $0.37 and last traded at $0.37. Approximately 250 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 4,662 shares. The stock had previously closed at $0.38.
Tofutti Brands Price Performance
The business’s 50-day moving average is $0.51 and its 200 day moving average is $0.63. The firm has a market capitalization of $1.91 million, a P/E ratio of -1.95 and a beta of 0.74.
Tofutti Brands (OTCMKTS:TOFB – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) 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 during the quarter.
About Tofutti Brands
Tofutti Brands Inc develops, manufactures and markets plant-based, dairy-free foods under the Tofutti brand. Its product portfolio includes frozen desserts such as dairy-free ice cream and novelties, along with refrigerated alternatives including sour cream, cream cheese, ricotta and other dairy-free products.
The company was founded in 1981 by David Mintz and helped establish the market for non-dairy frozen desserts. Tofutti’s products are designed for consumers seeking vegan options and for those avoiding milk or other dairy ingredients.
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