MTY Food Group (TSE:MTY) Hits New 52-Week Low – What’s Next?

MTY Food Group Inc. (TSE:MTY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$36.79 and last traded at C$37.20, with a volume of 6514 shares traded. The stock had previously closed at C$38.99.

MTY Food Group Stock Performance

The firm has a market cap of C$890.72 million, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The business’s fifty day simple moving average is C$44.89 and its 200-day simple moving average is C$45.88. 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. Investors of record on Friday, February 14th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, February 4th. This is an increase from MTY Food Group’s previous quarterly dividend of $0.28. MTY Food Group’s payout ratio is currently 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.