Organto Foods (CVE:OGO) Shares Down 4% – Time to Sell?

Organto Foods Inc. (CVE:OGO) shares fell 4% on Tuesday . The company traded as low as C$0.72 and last traded at C$0.72. 42,100 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 63,941 shares. The stock had previously closed at C$0.75.

Analyst Upgrades and Downgrades

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

Organto Foods Stock Performance

The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02. The firm’s fifty day moving average is C$0.71 and its 200 day moving average is C$0.64. The company has a market cap of C$133.11 million, a PE ratio of -4.93 and a beta of 0.31.

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.