Pizza Pizza Royalty (OTCMKTS:PZRIF) Trading 8.3% Higher – Here’s What Happened

Pizza Pizza Royalty Corp. (OTCMKTS:PZRIF) traded up 8.3% during mid-day trading on Monday . The company traded as high as $11.0050 and last traded at $11.0050. 425 shares traded hands during trading, a decline of 87% from the average session volume of 3,301 shares. The stock had previously closed at $10.16.

Analysts Set New Price Targets

Separately, TD Securities reiterated a “hold” rating on shares of Pizza Pizza Royalty in a report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Pizza Pizza Royalty Stock Performance

The firm’s fifty day moving average is $11.12 and its two-hundred day moving average is $11.27.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp is a Canadian royalty corporation structured to acquire and hold the royalty rights associated with the Pizza Pizza and Pizza 73 restaurant brands. The company’s primary business activity is to collect royalty payments based on a fixed percentage of system-wide gross sales generated by its franchise network. By owning these royalty interests, Pizza Pizza Royalty Corp provides investors with exposure to a stable and growing cash flow stream derived from pizza retail operations across Canada.

The company’s royalty rights cover over 700 restaurant locations operating under the Pizza Pizza and Pizza 73 banners, with a presence in Ontario, Alberta, and other Canadian provinces.