Organto Foods (CVE:OGO) Shares Up 2.9% – Here’s Why

Organto Foods Inc. (CVE:OGO) rose 2.9% during mid-day trading on Thursday . The company traded as high as C$0.70 and last traded at C$0.70. Approximately 112,600 shares were traded during trading, a decline of 10% from the average daily volume of 124,481 shares. The stock had previously closed at C$0.68.

Analyst Ratings Changes

Separately, Atrium Research raised shares of Organto Foods to a “strong-buy” rating in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Organto Foods Price Performance

The business has a 50 day moving average of C$0.62 and a 200-day moving average of C$0.57. The stock has a market cap of C$125.92 million, a PE ratio of -4.67 and a beta of -1.08. The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02.

About Organto Foods

Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit, and vegetable products. The company's products include vegetable and fruit products comprising asparagus, avocado, blueberries, ginger, herbs, mango, limes, raspberries, snow peas, sugar snaps, fine green beans, and other products under the I AM Organic, Awesome, Fresh Organic Choice brands.