Tortilla Mexican Grill (LON:MEX) Hits New 52-Week High – Still a Buy?

Tortilla Mexican Grill plc (LON:MEX) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 54 and last traded at GBX 53, with a volume of 61767 shares. The stock had previously closed at GBX 50.

Tortilla Mexican Grill Stock Up 6.0%

The business’s fifty day simple moving average is GBX 40.36 and its two-hundred day simple moving average is GBX 41.37. The company has a market cap of £20.49 million, a PE ratio of -3.98 and a beta of -0.09. The company has a debt-to-equity ratio of 1,811.84, a current ratio of 0.50 and a quick ratio of 0.50.

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.