Tofutti Brands (OTCMKTS:TOFB) Shares Climb 2.4% – Here’s What Happened

Tofutti Brands Inc. (OTCMKTS:TOFB)’s stock price was up 2.4% during mid-day trading on Tuesday. The stock traded as high as $0.3850 and last traded at $0.3850. 1,400 shares traded hands during trading, a decline of 61% from the average session volume of 3,560 shares. The stock had previously closed at $0.3760.

Tofutti Brands Price Performance

The company has a fifty day moving average of $0.42 and a 200-day moving average of $0.58. The firm has a market cap of $1.91 million, a P/E ratio of -1.95 and a beta of 0.77.

Tofutti Brands (OTCMKTS:TOFB) last posted its earnings results on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. Tofutti Brands had a negative return on equity of 45.27% and a negative net margin of 13.09%. The firm had revenue of $1.79 million during 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.