Tortilla Mexican Grill (LON:MEX) Stock Price Down 1.4% – Here’s Why

Tortilla Mexican Grill plc (LON:MEXGet Free Report) shares dropped 1.4% during mid-day trading on Monday . The stock traded as low as GBX 71 and last traded at GBX 71. 102,629 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 43,388 shares. The stock had previously closed at GBX 72.

Tortilla Mexican Grill Trading Down 1.4%

The company has a market capitalization of £27.45 million, a P/E ratio of -1.82 and a beta of 0.16. The business has a fifty day moving average price of GBX 71.98 and a 200 day moving average price of GBX 73.63. The company has a quick ratio of 0.50, a current ratio of 0.20 and a debt-to-equity ratio of -303.60.

Tortilla Mexican Grill (LON:MEXGet Free Report) last posted its quarterly earnings data on Monday, July 27th. The company reported GBX (39.10) earnings per share (EPS) for the quarter. Tortilla Mexican Grill had a positive return on equity of 166.34% and a negative net margin of 20.42%. On average, analysts expect that Tortilla Mexican Grill plc will post 0.393885 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Tortilla Mexican Grill Company Profile

(Get Free Report)

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.

Further Reading

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