MTY Food Group (TSE:MTY) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

MTY Food Group Inc. (TSE:MTY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.43 and traded as high as C$40.84. MTY Food Group shares last traded at C$39.92, with a volume of 91,939 shares traded.

Analyst Upgrades and Downgrades

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

MTY Food Group Stock Down 1.2%

The company has a debt-to-equity ratio of 177.88, a quick ratio of 0.57 and a current ratio of 0.66. The firm’s 50 day moving average price is C$41.07 and its two-hundred day moving average price is C$38.43. The company has a market cap of C$911.81 million, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.12.

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.