Tortilla Mexican Grill (LON:MEX) Hits New 52-Week High – Here’s Why

Tortilla Mexican Grill plc (LON:MEX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 55 and last traded at GBX 55, with a volume of 213215 shares traded. The stock had previously closed at GBX 52.

Tortilla Mexican Grill Stock Up 5.8%

The company has a market capitalization of £21.26 million, a PE ratio of -4.14 and a beta of -0.09. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1,811.84. The firm has a 50 day simple moving average of GBX 44.47 and a two-hundred day simple moving average of GBX 42.14.

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.