Tortilla Mexican Grill (LON:MEX) Stock Price Up 2.1% – Still a Buy?

Tortilla Mexican Grill plc (LON:MEX)’s share price shot up 2.1% during trading on Tuesday. The stock traded as high as GBX 72 and last traded at GBX 72. 209,014 shares changed hands during mid-day trading, an increase of 407% from the average daily volume of 41,230 shares. The stock had previously closed at GBX 70.50.

Tortilla Mexican Grill Stock Performance

The firm’s fifty day moving average price is GBX 71.40 and its 200-day moving average price is GBX 73.66. The company has a current ratio of 0.26, a quick ratio of 0.50 and a debt-to-equity ratio of -267.02. The firm has a market cap of £27.45 million, a price-to-earnings ratio of -2.13 and a beta of 0.16.

Tortilla Mexican Grill (LON:MEX) last announced its earnings results on Tuesday, September 29th. The company reported GBX (4.10) earnings per share (EPS) for the quarter. Tortilla Mexican Grill had a negative net margin of 19.18% and a positive return on equity of 88.49%. Analysts expect that Tortilla Mexican Grill plc will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Duncan Garrood acquired 16,959 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average cost of GBX 75 per share, for a total transaction of £12,719.25. 33.39% of the stock is currently owned by company insiders.

Tortilla Mexican Grill Company Profile

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.