MTY Food Group (TSE:MTY) Shares Pass Above 200-Day Moving Average – Should You Sell?

MTY Food Group Inc. (TSE:MTY)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$38.44 and traded as high as C$39.02. MTY Food Group shares last traded at C$38.86, with a volume of 76,137 shares trading hands.

Analyst Upgrades and Downgrades

MTY has been the topic of several recent analyst reports. Royal Bank Of Canada raised their price target on MTY Food Group from C$45.00 to C$48.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Raymond James Financial increased 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 report on Friday, February 20th. National Bank Financial lifted their price objective on shares of MTY Food Group from C$43.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Scotiabank raised their price target on MTY Food Group from C$41.00 to C$46.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, TD Securities lifted their price target on MTY Food Group from C$37.00 to C$45.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$47.33.

MTY Food Group Stock Performance

The company has a market cap of C$887.60 million, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. The company’s fifty day moving average is C$41.22 and its 200 day moving average is C$38.44. The company has a current ratio of 0.66, a quick ratio of 0.57 and a debt-to-equity ratio of 177.88.

About MTY Food Group

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.