Tofutti Brands (OTCMKTS:TOFB) Shares Up 2.4% – Still a Buy?

Tofutti Brands Inc. (OTCMKTS:TOFB)’s stock price shot up 2.4% on Tuesday. The company traded as high as $0.3850 and last traded at $0.3850. Approximately 1,400 shares were traded during mid-day trading, a decline of 61% from the average session volume of 3,560 shares. The stock had previously closed at $0.3760.

Tofutti Brands Price Performance

The firm has a 50 day simple moving average of $0.42 and a 200-day simple moving average of $0.59. The stock has a market capitalization of $1.99 million, a price-to-earnings ratio of -2.03 and a beta of 0.77.

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

Tofutti Brands Company Profile

Tofutti Brands Inc develops, manufactures and distributes plant-based, dairy-free and kosher food products. The company is best known for its Tofutti line of non-dairy frozen desserts, including ice cream-style products, frozen sandwiches and novelties.

Its product portfolio also includes dairy-free alternatives to sour cream, cream cheese, ricotta and other traditional dairy products. These offerings are marketed to consumers seeking vegan, lactose-free, kosher or otherwise non-dairy foods.

Tofutti products are sold through retail and food-service channels, primarily in the United States, with some distribution in international markets.