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Tofutti brands sees significant share acquisition by major stakeholder

Published 03/06/2025, 13:46
Tofutti brands sees significant share acquisition by major stakeholder
TOFB
-17.65%

TEL AVIV—A-6684 Ltd., a major stakeholder in Tofutti Brands Inc. (OTC:TOFB), recently acquired 3,000 common shares of the company. The shares were purchased at a price of $0.6821 each, amounting to a total transaction value of $2,046. The timing appears strategic, as InvestingPro data shows the stock has surged 24% in the past week, trading near its Fair Value. Following this acquisition, A-6684 Ltd. now holds 547,000 shares indirectly through controlled entities. This move highlights the continued interest and investment in Tofutti Brands by its significant shareholders. The company maintains strong liquidity with a current ratio of 5.17, and according to InvestingPro, holds more cash than debt on its balance sheet. Subscribers can access 4 additional exclusive ProTips and comprehensive financial metrics for deeper analysis.

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