MTY Food Group (TSE:MTY) Share Price Passes Above 200 Day Moving Average of $28.41

MTY Food Group Inc (TSE:MTY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $28.41 and traded as high as $38.65. MTY Food Group shares last traded at $36.76, with a volume of 188,144 shares traded.

MTY has been the subject of a number of analyst reports. Raymond James raised their price target on MTY Food Group from C$26.00 to C$30.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 14th. National Bank Financial upped their price target on shares of MTY Food Group from C$29.00 to C$32.00 and gave the company a “sector perform” rating in a report on Monday, July 13th. TD Securities raised their price objective on shares of MTY Food Group from C$24.00 to C$28.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Royal Bank of Canada upped their target price on MTY Food Group from C$22.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Monday, July 13th.

The company’s 50 day moving average is C$32.66 and its 200 day moving average is C$28.41. The company has a market cap of $908.19 million and a PE ratio of -25.09. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 194.10.

MTY Food Group (TSE:MTY) last issued its earnings results on Friday, July 10th. The company reported C$0.04 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.16) by C$0.20. The company had revenue of C$97.81 million during the quarter, compared to the consensus estimate of C$91.50 million. Analysts expect that MTY Food Group Inc will post 2.2194128 EPS for the current year.

In other news, Director Eric Lefebvre bought 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of C$30.54 per share, with a total value of C$61,072.00. Following the transaction, the director now directly owns 8,109 shares in the company, valued at approximately C$247,616.42.

MTY Food Group Company Profile (TSE:MTY)

MTY Food Group Inc operates as a franchisor in the quick service and casual dining food industry in Canada, the United States, and internationally. The company franchises and operates corporate-owned locations in the quick service restaurant and casual dining segments of the restaurant industry; and sells retail products under a multitude of banners.

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