Tofutti Brands (OTCMKTS:TOFB) Trading Down 15% – Here’s What Happened

Shares of Tofutti Brands Inc. (OTCMKTS:TOFBGet Free Report) were down 15% during mid-day trading on Tuesday . The company traded as low as $0.68 and last traded at $0.68. Approximately 10,510 shares were traded during mid-day trading, an increase of 470% from the average daily volume of 1,844 shares. The stock had previously closed at $0.80.

Tofutti Brands Price Performance

The company has a current ratio of 11.14, a quick ratio of 3.85 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.50 million, a PE ratio of -5.66 and a beta of 1.01. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.78.

About Tofutti Brands

(Get Free Report)

Tofutti Brands Inc engages in the development, production, and marketing of plant based, dairy free vegan frozen desserts, cheeses, and other food products under the TOFUTTI brand in the United States, Europe, the Middle East, the Asia Pacific, and Africa. The company offers frozen desserts, including frozen sandwiches and chocolate wafers; ice cream sandwiches; dairy free vegan cheese products, such as cream cheese, sour cream, cheese slices, and dairy free ricotta cheese alternatives; spreads; and frozen food products.

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