Organto Foods (CVE:OGO) Hits New 12-Month Low – Here’s Why

Organto Foods Inc. (CVE:OGO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.46 and last traded at C$0.46, with a volume of 8010 shares trading hands. The stock had previously closed at C$0.53.

Organto Foods Stock Performance

The company has a debt-to-equity ratio of 7,545.02, a current ratio of 0.66 and a quick ratio of 1.14. The firm has a market capitalization of C$90.63 million, a P/E ratio of -3.68 and a beta of 1.62. The stock’s 50 day moving average is C$0.67 and its two-hundred day moving average is C$0.81.

Insider Buying and Selling

In other Organto Foods news, Director Peter Lawrence Gianulis sold 105,000 shares of Organto Foods stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$0.77, for a total transaction of C$80,850.00. Following the completion of the sale, the director owned 102,823 shares of the company’s stock, valued at approximately C$79,173.71. The trade was a 50.52% decrease in their position. Corporate insiders own 32.36% of the company’s stock.

Organto Foods Company Profile

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. It offers its products through bricks & mortar retail, online retail, convenience and on-the-go, and foodservice distributors.