Tortilla Mexican Grill (LON:MEX) Trading Up 3.8% – Time to Buy?

Tortilla Mexican Grill plc (LON:MEX)’s share price rose 3.8% on Friday . The company traded as high as GBX 71.60 and last traded at GBX 71.60. 22,984 shares traded hands during trading, a decline of 49% from the average daily volume of 45,299 shares. The stock had previously closed at GBX 69.

Tortilla Mexican Grill Stock Up 3.8%

The company has a market capitalization of £27.68 million, a PE ratio of -1.83 and a beta of 0.16. The company has a current ratio of 0.20, a quick ratio of 0.50 and a debt-to-equity ratio of -303.60. The firm has a 50 day simple moving average of GBX 72.76 and a two-hundred day simple moving average of GBX 72.61.

Tortilla Mexican Grill (LON:MEX) last released its quarterly earnings results on Monday, July 27th. The company reported GBX (39.10) EPS for the quarter. Tortilla Mexican Grill had a positive return on equity of 166.34% and a negative net margin of 20.42%. Research analysts expect that Tortilla Mexican Grill plc will post 0.393885 EPS for the current year.

Insider Buying and Selling

In other news, insider Duncan Garrood acquired 16,959 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was bought at an average price of GBX 75 per share, for a total transaction of £12,719.25. Insiders own 33.39% of the company’s stock.

About Tortilla Mexican Grill

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.