Pizza Pizza Royalty (TSE:PZA) Sets New 52-Week Low – Here’s Why

Pizza Pizza Royalty Corp. (TSE:PZA)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$10.54 and last traded at C$10.64, with a volume of 37550 shares. The stock had previously closed at C$10.63.

Analyst Ratings Changes

Separately, TD Securities raised Pizza Pizza Royalty to a “hold” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Pizza Pizza Royalty currently has a consensus rating of “Hold” and a consensus target price of C$14.00.

Pizza Pizza Royalty Price Performance

The firm has a market cap of C$357.32 million, a P/E ratio of 11.62 and a beta of 0.55. The company has a quick ratio of 3.02, a current ratio of 1.66 and a debt-to-equity ratio of 15.27. The business’s 50 day moving average is C$11.96 and its two-hundred day moving average is C$13.33.

Pizza Pizza Royalty Company Profile

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza73 brands. It offers a flavorful, varied and high-quality menu to pizza-lovers of all ages and tastes and it is composed of more than 600 traditional and non-traditional restaurants coast to coast, employing over 3,000 Canadians. The business activity of the group primarily functions through Canada.