MTY Food Group (TSE:MTY) Shares Up 0.7%

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.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Thursday, April 11th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$107.30 million during the quarter. On average, analysts forecast that MTY Food Group Inc will post 3.6 earnings per share for the current fiscal year.

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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