Tortilla Mexican Grill (LON:MEX) Shares Down 1.4% – Here’s What Happened

Tortilla Mexican Grill plc (LON:MEX)’s stock price traded down 1.4% during trading on Monday . The stock traded as low as GBX 71 and last traded at GBX 71. 102,629 shares traded hands during trading, an increase of 137% from the average daily volume of 43,388 shares. The stock had previously closed at GBX 72.

Tortilla Mexican Grill Stock Performance

The stock’s 50 day moving average price is GBX 71.98 and its 200 day moving average price is GBX 73.63. The company has a current ratio of 0.20, a quick ratio of 0.50 and a debt-to-equity ratio of -303.60. The company has a market capitalization of £27.45 million, a price-to-earnings ratio of -1.82 and a beta of 0.16.

Tortilla Mexican Grill (LON:MEX) last released its earnings results on Monday, July 27th. The company reported GBX (39.10) earnings per share (EPS) for the quarter. Tortilla Mexican Grill had a negative net margin of 20.42% and a positive return on equity of 166.34%. Analysts expect that Tortilla Mexican Grill plc will post 0.393885 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Duncan Garrood purchased 16,959 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was purchased at an average cost of GBX 75 per share, for a total transaction of £12,719.25. Company insiders own 33.39% of the company’s stock.

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.