MTY Food Group (OTCMKTS:MTYFF) Shares Down 0.4% – Time to Sell?

by · The Markets Daily

MTY Food Group Inc. (OTCMKTS:MTYFF – Get Free Report) shares dropped 0.4% on Friday. The stock traded as low as $22.60 and last traded at $22.69. 11,666 shares traded hands during trading, an increase of 21% from the average session volume of 9,615 shares. The stock had previously closed at $22.78.

Wall Street Analysts Forecast Growth

MTYFF has been the topic of several research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of MTY Food Group in a report on Monday, July 13th. TD Securities reaffirmed a “hold” rating on shares of MTY Food Group in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

View Our Latest Research Report on MTYFF

MTY Food Group Stock Performance

The company’s 50-day moving average price is $23.59 and its 200 day moving average price is $25.80.

About MTY Food Group

(Get Free Report)

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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