MTY Food Group (OTCMKTS:MTYFF) Shares Up 0.3% – Time to Buy?

MTY Food Group Inc. (OTCMKTS:MTYFF)’s stock price traded up 0.3% on Tuesday. The stock traded as high as $22.99 and last traded at $22.96. Approximately 2,974 shares traded hands during trading, a decline of 68% from the average daily volume of 9,236 shares. The stock had previously closed at $22.8950.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MTYFF. Royal Bank Of Canada restated a “sector perform” rating on shares of MTY Food Group in a research note on Monday, July 13th. TD Securities reissued a “hold” rating on shares of MTY Food Group in a report on Monday, July 13th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

MTY Food Group Stock Performance

The firm has a 50-day moving average price of $24.49 and a 200 day moving average price of $26.75.

MTY Food Group Company Profile

MTY Food Group Inc is a Canadian franchisor and operator of multi-concept restaurants. The company develops, acquires and manages restaurant brands serving a variety of food categories, including quick-service meals, coffee and baked goods, pizza, burgers, Mexican cuisine, Asian cuisine, sushi, frozen desserts and casual dining.

MTY’s portfolio includes brands such as Thai Express, Sushi Shop, Country Style, Tutti Frutti, Valentine, Scores, Van Houtte and Mr. Sub, among others. Its restaurants operate through a combination of franchised, licensed and company-operated locations in Canada, the United States and select international markets.