MTY Food Group Inc. (OTCMKTS:MTYFF – Get Free Report) shares were down 0.4% during mid-day trading on Friday. The stock traded as low as $22.60 and last traded at $22.69. Approximately 11,666 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 9,615 shares. The stock had previously closed at $22.78.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. TD Securities reiterated a “hold” rating on shares of MTY Food Group in a research note on Tuesday, October 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of MTY Food Group in a research note on Monday, July 13th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, MTY Food Group has an average rating of “Hold”.
Read Our Latest Report on MTYFF
MTY Food Group Stock Down 0.4%
The stock has a fifty day simple moving average of $23.59 and a 200 day simple moving average of $25.80.
About MTY Food Group
MTY Food Group Inc is a Canadian franchisor and operator of restaurants and food-service concepts. The company develops, acquires and supports a portfolio of quick-service, fast-casual and casual-dining brands serving products such as sandwiches, pizza, burgers, Mexican food, sushi, Asian cuisine, coffee and other prepared meals.
Its brand portfolio has included concepts such as Thai Express, Sushi Shop, Mucho Burrito, Mr. Sub, Country Style and Extreme Pita. MTY’s restaurants operate through a combination of franchised, licensed and company-operated locations, including traditional restaurants, food-court outlets, kiosks and other nontraditional venues.
Founded in 1979 by Stanley Ma, MTY has expanded through organic growth and acquisitions.
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