Tofutti Brands (OTCMKTS:TOFB) Shares Down 18.3%

Tofutti Brands Inc. (OTCMKTS:TOFBGet Free Report) shares dropped 18.3% on Thursday . The company traded as low as $0.67 and last traded at $0.67. Approximately 609 shares traded hands during trading, a decline of 80% from the average daily volume of 2,992 shares. The stock had previously closed at $0.82.

Tofutti Brands Stock Performance

The firm’s 50-day moving average is $0.80 and its 200-day moving average is $0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.12 and a current ratio of 6.01.

Tofutti Brands (OTCMKTS:TOFBGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.06) earnings per share for the quarter. Tofutti Brands had a negative net margin of 5.79% and a negative return on equity of 15.28%. The firm had revenue of $2.21 million for the quarter.

Tofutti Brands Company Profile

(Get Free Report)

Tofutti Brands Inc engages in the development, production, and marketing of dairy free, vegan frozen desserts, cheeses, and other food products under the TOFUTTI brand in the United States, Europe, the Middle East, the Asia Pacific, and Africa. It offers frozen desserts, including frozen sandwiches and chocolate wafers; ice cream sandwiches; dairy free vegan cheese products, such as cream cheese, sour cream, dips, cheese slices, and dairy free ricotta cheese alternatives; spreads; and frozen food products.

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