Organto Foods (CVE:OGO) Stock Price Up 1.6% - Should You Buy?

Key Points

• Organto Foods Inc. (CVE:OGO) shares rose by 1.6% during mid-day trading, reaching a high of C$0.65 before settling at C$0.63, with trading volume significantly increasing by 95% compared to its average.
• Atrium Research upgraded Organto Foods to a "strong-buy" rating, contributing to the stock's current average rating of "Strong Buy".
• Director Javier Reyes purchased 100,000 shares at an average price of C$0.57, indicating insider confidence as insiders now own 32.36% of the company's stock.

Organto Foods Inc. (CVE:OGO - Get Free Report) shares traded up 1.6% during mid-day trading on Wednesday . The company traded as high as C$0.65 and last traded at C$0.63. 251,100 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 128,525 shares. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised shares of Organto Foods to a "strong-buy" rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of "Strong Buy".

Organto Foods Stock Up 1.6%

The firm's 50 day moving average is C$0.65 and its two-hundred day moving average is C$0.48. The stock has a market cap of C$102.50 million, a price-to-earnings ratio of -3.32 and a beta of -1.38. 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.

Insider Activity

In related news, Director Javier Reyes purchased 100,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of C$0.57 per share, for a total transaction of C$57,360.00. Insiders own 32.36% of the company's stock.

About Organto Foods

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.