Pizza Pizza Royalty (TSE:PZA) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Pizza Pizza Royalty Corp. (TSE:PZA) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$15.60 and traded as high as C$16.29. Pizza Pizza Royalty shares last traded at C$16.10, with a volume of 36,442 shares traded.

Analyst Ratings Changes

Separately, TD Securities lowered their price objective on Pizza Pizza Royalty from C$17.00 to C$16.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$16.00.

Pizza Pizza Royalty Stock Down 0.7%

The stock has a market capitalization of C$537.00 million, a price-to-earnings ratio of 17.13 and a beta of 0.35. The company has a quick ratio of 3.03, a current ratio of 0.19 and a debt-to-equity ratio of 15.72. The business’s 50-day moving average is C$15.60 and its two-hundred day moving average is C$15.62.

About Pizza Pizza Royalty

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.