MTY Food Group (TSE:MTY) Shares Cross Above 200-Day Moving Average - Time to Sell?

MTY Food Group Inc. (TSE:MTY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$45.06 and traded as high as C$45.98. MTY Food Group shares last traded at C$45.69, with a volume of 27,924 shares traded.

Analysts Set New Price Targets

MTY has been the subject of several research reports. Royal Bank of Canada raised shares of MTY Food Group to a "hold" rating in a report on Friday. Raymond James decreased their price target on MTY Food Group from C$55.00 to C$50.00 in a report on Monday, April 14th.

MTY Food Group Trading Down 0.9%

The company has a market cap of C$1.03 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a debt-to-equity ratio of 142.67, a current ratio of 0.61 and a quick ratio of 0.57. The company has a 50-day moving average of C$41.90 and a 200 day moving average of C$45.04.

MTY Food Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date was Thursday, May 1st. MTY Food Group's payout ratio is 27.97%.

About MTY Food Group

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.