Tofutti Brands Inc. (OTCMKTS:TOFB) traded down 3.1% during trading on Monday . The stock traded as low as $1.88 and last traded at $1.88, 200 shares changed hands during mid-day trading. A decline of 65% from the average session volume of 580 shares. The stock had previously closed at $1.94.

Separately, ValuEngine upgraded Tofutti Brands from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

The firm has a 50 day simple moving average of $1.84 and a 200 day simple moving average of $2.08. The company has a quick ratio of 2.83, a current ratio of 5.12 and a debt-to-equity ratio of 0.13.

Tofutti Brands (OTCMKTS:TOFB) last issued its earnings results on Tuesday, August 13th. The company reported ($0.01) EPS for the quarter. Tofutti Brands had a return on equity of 1.22% and a net margin of 0.36%. The company had revenue of $3.14 million during the quarter.

About Tofutti Brands (OTCMKTS:TOFB)

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.

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