MTY Food Group (TSE:MTY) Hits New 1-Year Low – Should You Sell?

MTY Food Group Inc. (TSE:MTY) shares hit a new 52-week low during trading on Monday . The stock 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 Stock Performance

The firm’s fifty day simple moving average is C$45.49 and its 200 day simple moving average is C$45.85. The company has a market capitalization of C$965.80 million, a price-to-earnings ratio of 10.34, a PEG 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.

MTY Food Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.19%. This is a boost from MTY Food Group’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 4th. MTY Food Group’s payout ratio is presently 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.