MTY Food Group (TSE:MTY) Sets New 12-Month Low - Here's Why

MTY Food Group Inc. (TSE:MTY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$40.17 and last traded at C$40.73, with a volume of 17346 shares traded. The stock had previously closed at C$40.95.

MTY Food Group Price Performance

The company has a 50-day moving average of C$45.33 and a 200 day moving average of C$45.85. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67. The stock has a market capitalization of C$981.19 million, a PE ratio of 10.51, a PEG ratio of 0.75 and a beta of 1.95.

MTY Food Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.33 per share. This is a positive change from MTY Food Group's previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.14%. MTY Food Group's dividend payout ratio is presently 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.