MTY Food Group (TSE:MTY) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.48 and traded as high as C$39.50. MTY Food Group shares last traded at C$39.25, with a volume of 60,252 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. National Bank Financial boosted their target price on MTY Food Group from C$43.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on MTY Food Group from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. TD Securities increased their target price on MTY Food Group from C$37.00 to C$45.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Scotiabank raised their target price on shares of MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Finally, Raymond James Financial boosted their price target on shares of MTY Food Group from C$44.00 to C$46.00 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, MTY Food Group has an average rating of “Hold” and an average target price of C$47.33.

MTY Food Group Stock Performance

The company has a 50-day moving average of C$40.86 and a 200 day moving average of C$38.49. The company has a debt-to-equity ratio of 177.88, a current ratio of 0.66 and a quick ratio of 0.57. The company has a market cap of C$890.11 million, a PE ratio of 7.52, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87.

MTY Food Group (TSE:MTY) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$1.88 earnings per share (EPS) for the quarter. The business had revenue of C$303.51 million for the quarter. MTY Food Group had a return on equity of 14.51% and a net margin of 10.00%. Analysts predict that MTY Food Group Inc. will post 4.4909091 earnings per share for the current year.

MTY Food Group Company Profile

MTY Food Group Inc is a franchisor in the quick service and casual dining food industry. Its activities consist of franchising and operating corporate-owned locations as well as the sale of retail products under a multitude of banners. The company’s operating segment is based on geographical regions namely Canada and US and International. It generates maximum revenue from Canada. The company brands include Big Smoke Burger, Cafe Depot, Country Style, Croissant Plus, Cultures, Extremepita, Fabrika, Jus Jugo Juice, Koya Japan, ManchuWok, Muffin plus, Valentine, Van Houtte, Shushiman and others.