MTY Food Group (OTCMKTS:MTYFF) Stock Price Down 1.9% – Here’s What Happened

MTY Food Group Inc. (OTCMKTS:MTYFF)’s share price traded down 1.9% during mid-day trading on Wednesday . The stock traded as low as $28.5440 and last traded at $28.5995. 8,141 shares changed hands during trading, an increase of 9% from the average session volume of 7,465 shares. The stock had previously closed at $29.15.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTYFF. Scotiabank reissued a “sector perform” rating on shares of MTY Food Group in a report on Friday, February 20th. TD Securities reiterated a “hold” rating on shares of MTY Food Group in a research report on Friday, February 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of MTY Food Group in a research note on Friday, February 20th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

MTY Food Group Price Performance

The stock has a 50-day moving average of $30.22 and a two-hundred day moving average of $27.86.

MTY Food Group Company Profile

MTY Food Group Inc is a Canadian-based franchisor and operator of quick-service and casual dining restaurants, offering a diversified portfolio of branded food concepts. Headquartered in Montreal, Quebec, the company develops, markets and franchises a range of culinary formats that include Asian, sandwich, coffee shop, dessert, and Mexican-inspired menus. MTY’s business model combines corporate-owned units with a global network of franchisees, enabling the company to deliver consistent quality and support to its operators.

Since its founding in 1997, MTY has expanded through both organic growth and strategic acquisitions.