Shares of MTY Food Group Inc (TSE:MTY) shot up 0.7% during trading on Monday . The stock traded as high as C$64.89 and last traded at C$64.59. 18,006 shares changed hands during trading, a decline of 77% from the average session volume of 76,817 shares. The stock had previously closed at C$64.13.
Several brokerages have recently commented on MTY. TD Securities decreased their price objective on shares of MTY Food Group from C$62.00 to C$60.00 in a research report on Tuesday, February 19th. Laurentian decreased their price objective on shares of MTY Food Group from C$65.00 to C$60.00 in a research report on Saturday, April 13th.
The company has a quick ratio of 0.42, a current ratio of 0.50 and a debt-to-equity ratio of 46.10. The company has a market cap of $1.61 billion and a P/E ratio of 23.64. The stock’s fifty day simple moving average is C$58.27.
In related news, Director Murat Armutlu purchased 2,000 shares of MTY Food Group stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of C$54.87 per share, for a total transaction of C$109,740.00. Following the acquisition, the director now owns 102,600 shares in the company, valued at approximately C$5,629,662.
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About MTY Food Group (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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