Tortilla Mexican Grill (LON:MEX) Shares Down 1.1% – Here’s Why

Shares of Tortilla Mexican Grill plc (LON:MEX) traded down 1.1% during mid-day trading on Wednesday . The stock traded as low as GBX 71.24 and last traded at GBX 71.24. Approximately 485,692 shares changed hands during trading, an increase of 816% from the average session volume of 53,042 shares. The stock had previously closed at GBX 72.

Tortilla Mexican Grill Stock Performance

The company’s 50-day moving average price is GBX 75.41 and its two-hundred day moving average price is GBX 66.49. The company has a market cap of £27.54 million, a P/E ratio of -5.36 and a beta of 0.16. The company has a current ratio of 0.31, a quick ratio of 0.50 and a debt-to-equity ratio of -2,012.63.

About Tortilla Mexican Grill

Tortilla is the largest and most successful fast-casual Mexican restaurant group in the UK, specialising in the sale of freshly made Californian-inspired Mexican cuisine. The Group has more than 80 eat in and takeaway locations across the UK and through nationwide partnerships with SSP Group plc, Compass UK & Ireland, Growth Kitchens & Karma Kitchens. Internationally, Tortilla operates in the Middle East, with 10 stores in Dubai and Saudi Arabia through an exclusive franchise partnership.

The Group was founded in 2007 by Brandon Stephens, originally from California who, upon his arrival in London in 2003, found it difficult to satisfy his desire for quality burritos and tacos.