Pizza Pizza Royalty (TSE:PZA) Stock Passes Above 50-Day Moving Average – Here’s Why

Shares of Pizza Pizza Royalty Corp. (TSE:PZAGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$13.02 and traded as high as C$13.23. Pizza Pizza Royalty shares last traded at C$13.15, with a volume of 27,215 shares traded.

Pizza Pizza Royalty Price Performance

The company has a market cap of C$326.44 million, a PE ratio of 14.02 and a beta of 0.91. The company’s 50 day moving average is C$13.02 and its 200 day moving average is C$13.09. The company has a current ratio of 0.19, a quick ratio of 3.03 and a debt-to-equity ratio of 15.72.

Pizza Pizza Royalty Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a $0.0775 dividend. This represents a $0.93 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Friday, January 31st. Pizza Pizza Royalty’s payout ratio is 98.39%.

About Pizza Pizza Royalty

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Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.

Further Reading

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