Organto Foods (CVE:OGO) Shares Down 4% – Here’s Why

by · The Cerbat Gem

Organto Foods Inc. (CVE:OGO – Get Free Report) fell 4% on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of 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 MarketBeat.com, Organto Foods has a consensus rating of “Strong Buy”.

Check Out Our Latest Report on Organto Foods

Organto Foods Stock Down 1.3%

The firm’s fifty day simple moving average is C$0.71 and its two-hundred day simple moving average is C$0.64. 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 company has a market capitalization of C$133.11 million, a price-to-earnings ratio of -4.93 and a beta of 0.31.

About Organto Foods

(Get Free Report)

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.

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