MTY Food Group (TSE:MTY) Shares Down 9.1% - Here's Why

MTY Food Group logo with Consumer Cyclical background

MTY Food Group Inc. (TSE:MTY - Get Free Report) shares were down 9.1% during trading on Friday . The stock traded as low as C$45.40 and last traded at C$45.50. Approximately 115,261 shares were traded during trading, an increase of 143% from the average daily volume of 47,421 shares. The stock had previously closed at C$50.04.

MTY Food Group Stock Performance

The firm has a 50-day moving average price of C$47.78 and a 200 day moving average price of C$46.04. The firm has a market capitalization of C$1.03 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 142.67.

MTY Food Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.33 dividend. This is a boost from MTY Food Group's previous quarterly dividend of $0.28. This represents a $1.32 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Tuesday, February 4th. MTY Food Group's dividend payout ratio (DPR) is presently 27.97%.

About MTY Food Group

(Get Free Report)

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.

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