Tofutti Brands (OTCMKTS:TOFB) Shares Down 7.9% – What’s Next?

Shares of Tofutti Brands Inc. (OTCMKTS:TOFB) were down 7.9% during trading on Wednesday . The stock traded as low as $0.70 and last traded at $0.70. 1,000 shares changed hands during trading, an increase of 853% from the average session volume of 105 shares. The stock had previously closed at $0.76.

Tofutti Brands Stock Performance

The business has a fifty day moving average price of $0.73 and a 200 day moving average price of $0.73. The company has a market cap of $4.13 million, a price-to-earnings ratio of -6.15 and a beta of 0.84.

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.