Organto Foods (CVE:OGO) Reaches New 1-Year High – Time to Buy?

Organto Foods Inc. (CVE:OGO) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.87 and last traded at C$0.87, with a volume of 214106 shares trading hands. The stock had previously closed at C$0.71.

Wall Street Analyst Weigh In

Separately, Atrium Research raised Organto Foods to a “strong-buy” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Organto Foods Stock Up 22.5%

The stock has a market capitalization of C$156.50 million, a P/E ratio of -5.80 and a beta of -1.08. The company has a debt-to-equity ratio of 7,545.02, a quick ratio of 1.14 and a current ratio of 0.66. The stock’s fifty day simple moving average is C$0.65 and its two-hundred day simple moving average is C$0.61.

About Organto Foods

Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit, and vegetable products. The company's products include vegetable and fruit products comprising asparagus, avocado, blueberries, ginger, herbs, mango, limes, raspberries, snow peas, sugar snaps, fine green beans, and other products under the I AM Organic, Awesome, Fresh Organic Choice brands. It offers its products through bricks & mortar retail, online retail, convenience and on-the-go, and foodservice distributors.