MTY Food Group (OTCMKTS:MTYFF) Shares Down 0.4% – Here’s What Happened

Shares of MTY Food Group Inc. (OTCMKTS:MTYFF) dropped 0.4% on Friday. The company traded as low as $22.60 and last traded at $22.69. Approximately 11,666 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 9,615 shares. The stock had previously closed at $22.78.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MTYFF shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of MTY Food Group in a research note on Monday, July 13th. TD Securities reiterated a “hold” rating on shares of MTY Food Group in a research report on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, MTY Food Group currently has an average rating of “Hold”.

MTY Food Group Price Performance

The firm’s 50-day moving average price is $23.59 and its 200 day moving average price is $25.80.

About MTY Food Group

MTY Food Group Inc is a Canadian franchisor and operator of restaurants and food-service concepts. The company develops, acquires and supports a portfolio of quick-service, fast-casual and casual-dining brands serving products such as sandwiches, pizza, burgers, Mexican food, sushi, Asian cuisine, coffee and other prepared meals.

Its brand portfolio has included concepts such as Thai Express, Sushi Shop, Mucho Burrito, Mr. Sub, Country Style and Extreme Pita. MTY’s restaurants operate through a combination of franchised, licensed and company-operated locations, including traditional restaurants, food-court outlets, kiosks and other nontraditional venues.

Founded in 1979 by Stanley Ma, MTY has expanded through organic growth and acquisitions.