Tofutti Brands (OTCMKTS:TOFB) Trading 2.5% Higher – Still a Buy?

Tofutti Brands Inc. (OTCMKTS:TOFB) traded up 2.5% on Monday . The stock traded as high as $0.7175 and last traded at $0.7175. 112 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 941 shares. The stock had previously closed at $0.70.

Tofutti Brands Trading Down 0.1%

The firm has a market cap of $3.70 million, a P/E ratio of -4.78 and a beta of 0.77. The company’s 50-day moving average is $0.72 and its two-hundred day moving average is $0.72.

Tofutti Brands (OTCMKTS:TOFB) last announced its quarterly earnings results on Monday, April 13th. The company reported ($0.09) 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 $2.25 million during the quarter.

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.