MTY Food Group (TSE:MTY) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of MTY Food Group Inc. (TSE:MTY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$45.23 and traded as high as C$46.99. MTY Food Group shares last traded at C$46.33, with a volume of 18,188 shares.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price target on shares of MTY Food Group from C$53.00 to C$54.00 in a report on Thursday, September 26th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$54.43.

MTY Food Group Stock Performance

The company has a debt-to-equity ratio of 142.40, a current ratio of 0.61 and a quick ratio of 0.57. The company has a 50 day simple moving average of C$45.07 and a 200-day simple moving average of C$45.23. The firm has a market cap of C$1.09 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.

MTY Food Group (TSE:MTY) last announced its quarterly earnings data on Friday, October 11th. The company reported C$1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.04 by C$0.42. The company had revenue of C$292.75 million during the quarter, compared to analysts’ expectations of C$300.60 million. MTY Food Group had a net margin of 8.30% and a return on equity of 11.77%. As a group, equities research analysts anticipate that MTY Food Group Inc. will post 4.4909091 EPS for the current year.

MTY Food Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.42%. MTY Food Group’s dividend payout ratio is currently 28.21%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.