MTY Food Group (TSE:MTY) Shares Cross Above 200 Day Moving Average – Here’s Why

MTY Food Group Inc. (TSE:MTY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.95 and traded as high as C$43.07. MTY Food Group shares last traded at C$42.60, with a volume of 135,191 shares.

Analyst Ratings Changes

MTY has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on MTY Food Group from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 14th. National Bankshares lowered their price objective on MTY Food Group from C$51.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Scotiabank boosted their target price on shares of MTY Food Group from C$39.00 to C$41.00 in a research report on Tuesday, November 18th. TD Securities dropped their price objective on MTY Food Group from C$42.00 to C$37.00 and set a “hold” rating for the company in a research note on Tuesday, October 14th. Finally, Raymond James Financial dropped their price objective on shares of MTY Food Group from C$50.00 to C$44.00 in a research note on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$43.33.

MTY Food Group Stock Performance

The stock’s fifty day simple moving average is C$39.17 and its two-hundred day simple moving average is C$37.95. The company has a debt-to-equity ratio of 142.67, a quick ratio of 0.57 and a current ratio of 0.61. The company has a market cap of C$973.03 million, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.29.

MTY Food Group (TSE:MTY) last announced its quarterly earnings results on Friday, October 10th. The company reported C$1.22 EPS for the quarter. MTY Food Group had a return on equity of 11.66% and a net margin of 8.30%.The company had revenue of C$296.99 million during the quarter. Equities research analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

About MTY Food Group

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.