MTY Food Group (TSE:MTY) Hits New 52-Week Low – Here’s Why

MTY Food Group Inc. (TSE:MTY) hit a new 52-week low on Monday . The company traded as low as C$40.17 and last traded at C$40.73, with a volume of 17346 shares changing hands. The stock had previously closed at C$40.95.

MTY Food Group Stock Performance

The company’s 50-day moving average price is C$45.49 and its two-hundred day moving average price is C$45.85. The company has a market cap of C$965.80 million, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67.

MTY Food Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a $0.33 dividend. This is a positive change from MTY Food Group’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 4th. This represents a $1.32 annualized dividend and a yield of 3.19%. MTY Food Group’s payout ratio is 27.97%.

About MTY Food Group

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.