Organto Foods (CVE:OGO) Stock Price Down 1.4% – Here’s What Happened

Organto Foods Inc. (CVE:OGO) dropped 1.4% during trading on Friday . The company traded as low as C$0.69 and last traded at C$0.70. Approximately 16,000 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 121,962 shares. The stock had previously closed at C$0.71.

Analyst Ratings Changes

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

Organto Foods Stock Down 1.4%

The firm has a market cap of C$125.92 million, a PE ratio of -4.67 and a beta of -1.08. The company has a quick ratio of 1.14, a current ratio of 0.66 and a debt-to-equity ratio of 7,545.02. The firm’s 50 day moving average is C$0.65 and its 200-day moving average is C$0.61.

Organto Foods Company Profile

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.