Tortilla Mexican Grill (LON:MEX) Trading 3.8% Higher – Here’s What Happened

Tortilla Mexican Grill plc (LON:MEX)’s stock price was up 3.8% during trading on Friday . The company traded as high as GBX 71.60 and last traded at GBX 71.60. 22,984 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 45,299 shares. The stock had previously closed at GBX 69.

Tortilla Mexican Grill Stock Performance

The business has a fifty day simple moving average of GBX 72.76 and a two-hundred day simple moving average of GBX 72.61. The company has a debt-to-equity ratio of -303.60, a current ratio of 0.20 and a quick ratio of 0.50. The company has a market cap of £27.68 million, a PE ratio of -1.83 and a beta of 0.16.

Tortilla Mexican Grill (LON:MEX) last announced its quarterly earnings results on Monday, July 27th. The company reported GBX (39.10) earnings per share (EPS) for the quarter. Tortilla Mexican Grill had a negative net margin of 20.42% and a positive return on equity of 166.34%. Research analysts anticipate that Tortilla Mexican Grill plc will post 0.393885 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Duncan Garrood bought 16,959 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were bought at an average price of GBX 75 per share, for a total transaction of £12,719.25. 33.39% of the stock is currently owned by insiders.

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.