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Pizza Pizza Royalty (TSE:PZA) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Pizza Pizza Royalty logo with Consumer Cyclical background

Pizza Pizza Royalty Corp. (TSE:PZA - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$13.12 and traded as high as C$13.14. Pizza Pizza Royalty shares last traded at C$13.14, with a volume of 33,991 shares changing hands.

Analyst Upgrades and Downgrades

Separately, TD Securities cut their target price on shares of Pizza Pizza Royalty from C$14.00 to C$13.00 and set a "hold" rating on the stock in a research report on Thursday, August 8th.

Read Our Latest Report on PZA

Pizza Pizza Royalty Trading Down 0.3 %

The company has a current ratio of 0.20, a quick ratio of 3.03 and a debt-to-equity ratio of 15.66. The firm has a market capitalization of C$322.52 million, a P/E ratio of 13.41 and a beta of 0.91. The firm has a 50-day moving average of C$13.12 and a two-hundred day moving average of C$13.17.

Pizza Pizza Royalty Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 7.15%. The ex-dividend date of this dividend is Thursday, October 31st. Pizza Pizza Royalty's dividend payout ratio is currently 94.90%.

About Pizza Pizza Royalty

(Get Free Report)

Pizza Pizza Royalty Corp., through its subsidiary, Pizza Pizza Royalty Limited Partnership, owns and franchises quick service restaurants under the Pizza Pizza and Pizza 73 brands in Canada. The company was founded in 1967 and is headquartered in Toronto, Canada.

Further Reading

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