Tortilla Mexican Grill (LON:MEX) Trading Down 1.4% – Should You Sell?

Tortilla Mexican Grill plc (LON:MEX)’s share price dropped 1.4% during mid-day trading on Monday . The stock traded as low as GBX 71 and last traded at GBX 71. Approximately 102,629 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 43,388 shares. The stock had previously closed at GBX 72.

Tortilla Mexican Grill Trading Up 2.4%

The firm’s 50 day moving average is GBX 72.03 and its 200 day moving average is GBX 73.69. The company has a debt-to-equity ratio of -303.60, a current ratio of 0.20 and a quick ratio of 0.50. The company has a market capitalization of £28.91 million, a PE ratio of -1.91 and a beta of 0.16.

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

Insider Activity

In other Tortilla Mexican Grill news, insider Duncan Garrood bought 16,959 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were bought at an average cost of GBX 75 per share, with a total value of £12,719.25. 33.39% of the stock is owned by insiders.

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.