Organto Foods (CVE:OGO) Stock Rating Upgraded by Atrium Research

Key Points

• Organto Foods' stock rating was upgraded to a "strong-buy" by Atrium Research, signaling increased confidence among analysts.
• The company's stock is currently trading at C$0.65, reflecting a 3.0% decrease on the day, with a twelve-month trading range between C$0.07 and C$0.75.
• Insider activity includes Director Javier Reyes purchasing 100,000 shares at an average price of C$0.57, indicating confidence in the company's future prospects.

Organto Foods (CVE:OGO - Get Free Report) was upgraded by stock analysts at Atrium Research to a "strong-buy" rating in a research report issued on Tuesday,Zacks.com reports.

Organto Foods Stock Down 3.0%

OGO stock opened at C$0.65 on Tuesday. Organto Foods has a twelve month low of C$0.07 and a twelve month high of C$0.75. 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 stock has a market cap of C$105.75 million, a P/E ratio of -3.42 and a beta of -1.05. The business's 50-day moving average price is C$0.66 and its 200-day moving average price is C$0.43.

Insider Transactions at Organto Foods

In other Organto Foods news, Director Javier Reyes bought 100,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average price of C$0.57 per share, with a total value of C$57,360.00. Company insiders own 32.36% of the company's stock.

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.

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