Tortilla Mexican Grill (LON:MEX) Trading 7.8% Higher – Should You Buy?

Tortilla Mexican Grill plc (LON:MEX) shares shot up 7.8% during trading on Thursday . The stock traded as high as GBX 70 and last traded at GBX 69. 126,417 shares changed hands during mid-day trading, an increase of 131% from the average session volume of 54,617 shares. The stock had previously closed at GBX 64.

Tortilla Mexican Grill Trading Down 2.3%

The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1,811.84. The company has a market cap of £26.05 million, a PE ratio of -5.07 and a beta of -0.09. The stock has a 50 day moving average price of GBX 51.31 and a 200 day moving average price of GBX 43.86.

Tortilla Mexican Grill Company Profile

Tortilla is the largest and most successful fast-casual Mexican restaurant group in the UK, specialising in the sale of freshly made Californian-inspired Mexican cuisine. The Group has more than 80 eat in and takeaway locations across the UK and through nationwide partnerships with SSP Group plc, Compass UK & Ireland, Growth Kitchens & Karma Kitchens. Internationally, Tortilla operates in the Middle East, with 10 stores in Dubai and Saudi Arabia through an exclusive franchise partnership.

The Group was founded in 2007 by Brandon Stephens, originally from California who, upon his arrival in London in 2003, found it difficult to satisfy his desire for quality burritos and tacos.