Pizza Pizza Royalty (TSE:PZA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Pizza Pizza Royalty Corp. (TSE:PZA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.41 and traded as high as C$16.15. Pizza Pizza Royalty shares last traded at C$16.11, with a volume of 18,538 shares traded.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their target price on Pizza Pizza Royalty from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pizza Pizza Royalty presently has an average rating of “Hold” and a consensus price target of C$16.00.

Pizza Pizza Royalty Trading Up 0.1%

The company has a market cap of C$537.33 million, a price-to-earnings ratio of 17.14 and a beta of 0.35. The company’s 50 day moving average price is C$15.41 and its 200 day moving average price is C$15.59. The company has a debt-to-equity ratio of 15.72, a quick ratio of 3.03 and a current ratio of 0.19.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.