Tofutti Brands (OTCMKTS:TOFB) Shares Up 2.5% – Here’s Why

Tofutti Brands Inc. (OTCMKTS:TOFB) shot up 2.5% on Monday . The stock traded as high as $0.7175 and last traded at $0.7175. 112 shares were traded during trading, a decline of 88% from the average session volume of 941 shares. The stock had previously closed at $0.70.

Tofutti Brands Trading Up 2.5%

The firm has a market cap of $3.70 million, a price-to-earnings ratio of -5.52 and a beta of 0.77. The firm has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.72.

About Tofutti Brands

Tofutti Brands Inc is a specialty food company focused on the development, manufacturing and marketing of non-dairy frozen desserts and cheese alternatives. Founded in the early 1980s by David Mintz, the company pioneered plant-based frozen novelties and spreadable products designed to appeal to consumers seeking lactose-free, vegan and kosher options. Its product portfolio includes frozen desserts such as “Cuties” ice cream bars, “Cutiecups” novelty cups, and a range of dairy-free cream cheeses, sour creams and mozzarella-style shreds under the Tofutti Better Than™ brand.

Manufacturing operations are based in East Hanover, New Jersey, and the company distributes its products through major supermarket chains, natural food stores and foodservice channels across North America.