Tofutti Brands (OTCMKTS:TOFB) Shares Climb 17.3% – Should You Buy?

Shares of Tofutti Brands Inc. (OTCMKTS:TOFB) traded up 17.3% on Wednesday. The company traded as high as $0.38 and last traded at $0.38. 100 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,248 shares. The stock had previously closed at $0.3239.

Tofutti Brands Trading Down 18.4%

The stock has a market capitalization of $1.60 million, a price-to-earnings ratio of -1.63 and a beta of 0.77. The company has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.60.

Tofutti Brands (OTCMKTS:TOFB) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $1.79 million for the quarter. Tofutti Brands had a negative return on equity of 45.27% and a negative net margin of 13.09%.

About Tofutti Brands

Tofutti Brands Inc develops, manufactures and markets dairy-free and plant-based food products under the Tofutti brand. Its product portfolio includes frozen desserts, non-dairy sour cream and cream cheese alternatives, ricotta-style products, and other vegan substitutes for traditional dairy foods. Many of its products are also positioned as kosher and suitable for consumers seeking lactose-free or plant-based options.

The company was founded in 1981 by David Mintz, who helped popularize soy-based frozen desserts and other non-dairy foods.