Tofutti Brands (OTCMKTS:TOFB) posted its earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $3.14 million for the quarter. Tofutti Brands had a return on equity of 5.35% and a net margin of 1.54%.
Shares of OTCMKTS:TOFB traded down $0.13 on Wednesday, reaching $2.22. 820 shares of the company traded hands, compared to its average volume of 2,889. The business has a 50-day simple moving average of $2.32. Tofutti Brands has a 52 week low of $1.45 and a 52 week high of $3.15. The company has a current ratio of 5.36, a quick ratio of 2.69 and a debt-to-equity ratio of 0.13.
Separately, ValuEngine upgraded Tofutti Brands from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
Tofutti Brands Company Profile
Tofutti Brands, Inc engages in the development, production, and marketing of TOFUTTI branded dairy free frozen desserts and other food products in the United States and internationally. It offers frozen desserts, including frozen sandwiches and chocolate-coated crispy cones; dairy free vegan cheese products, such as cream cheese, sour cream, cheese slices, and dairy free ricotta cheese alternatives; spreads; and frozen food products comprising frozen crepes.
Further Reading: Return On Assets
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