Tofutti Brands (OTCMKTS:TOFB) Announces Quarterly Earnings Results

Tofutti Brands (OTCMKTS:TOFB) released its quarterly earnings results on Friday. The company reported ($0.07) earnings per share for the quarter, Zacks reports. Tofutti Brands had a negative net margin of 6.78% and a negative return on equity of 17.00%. The business had revenue of $2.34 million for the quarter.

Tofutti Brands Stock Down 9.4 %

Shares of Tofutti Brands stock opened at $0.73 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.14 and a quick ratio of 3.85. Tofutti Brands has a 1-year low of $0.60 and a 1-year high of $0.92. The business’s fifty day moving average price is $0.71 and its two-hundred day moving average price is $0.76. The company has a market capitalization of $3.74 million, a P/E ratio of -6.04 and a beta of 0.96.

About Tofutti Brands

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.