Tortilla Mexican Grill (LON:MEX) Shares Up 7.8% – Still a Buy?

Shares of Tortilla Mexican Grill plc (LON:MEX) were up 7.8% during mid-day trading on Thursday . The company traded as high as GBX 70 and last traded at GBX 69. Approximately 126,417 shares were traded during mid-day trading, an increase of 131% from the average daily volume of 54,617 shares. The stock had previously closed at GBX 64.

Tortilla Mexican Grill Trading Up 2.2%

The company has a debt-to-equity ratio of 1,811.84, a quick ratio of 0.50 and a current ratio of 0.50. The company has a 50 day simple moving average of GBX 52.43 and a two-hundred day simple moving average of GBX 44.21. The firm has a market cap of £26.68 million, a PE ratio of -5.19 and a beta of -0.09.

About Tortilla Mexican Grill

Tortilla is the largest and most successful fast-casual Mexican restaurant group in the UK, specialising in the sale of freshly made Californian-inspired Mexican cuisine. The Group has more than 80 eat in and takeaway locations across the UK and through nationwide partnerships with SSP Group plc, Compass UK & Ireland, Growth Kitchens & Karma Kitchens. Internationally, Tortilla operates in the Middle East, with 10 stores in Dubai and Saudi Arabia through an exclusive franchise partnership.

The Group was founded in 2007 by Brandon Stephens, originally from California who, upon his arrival in London in 2003, found it difficult to satisfy his desire for quality burritos and tacos.