MTY Food Group (TSE:MTY) Reaches New 52-Week Low – Should You Sell?

MTY Food Group Inc. (TSE:MTY)’s share price reached a new 52-week low on Monday . The stock traded as low as C$36.79 and last traded at C$37.20, with a volume of 6514 shares traded. The stock had previously closed at C$38.99.

MTY Food Group Stock Up 5.4 %

The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 142.67. The firm has a market capitalization of C$931.30 million, a P/E ratio of 9.97, a P/E/G ratio of 0.75 and a beta of 1.95. The stock’s 50-day simple moving average is C$44.06 and its 200-day simple moving average is C$45.74.

MTY Food Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.32 annualized dividend and a yield of 3.30%. This is a boost from MTY Food Group’s previous quarterly dividend of $0.28. MTY Food Group’s payout ratio is currently 27.97%.

MTY Food Group Company Profile

MTY Food Group Inc operates and franchises quick-service, fast-casual, and casual dining restaurants in Canada, the United States, and internationally. It also sells retail products under a multitude of banners. The company was formerly known as iNsu Innovations Group Inc and changed its name to MTY Food Group Inc in July 2003.