Pizza Pizza Royalty Corp. (OTCMKTS:PZRIF – Get Free Report) traded down 0.2% on Wednesday . The company traded as low as $9.23 and last traded at $9.23. Approximately 2,495 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 4,500 shares. The stock had previously closed at $9.25.
Analyst Ratings Changes
Separately, TD Securities reissued a “hold” rating on shares of Pizza Pizza Royalty in a research report on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Pizza Pizza Royalty presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on PZRIF
Pizza Pizza Royalty Trading Down 0.2%
Pizza Pizza Royalty Company Profile
Pizza Pizza Royalty Corp is a Canadian royalty corporation structured to acquire and hold the royalty rights associated with the Pizza Pizza and Pizza 73 restaurant brands. The company’s primary business activity is to collect royalty payments based on a fixed percentage of system-wide gross sales generated by its franchise network. By owning these royalty interests, Pizza Pizza Royalty Corp provides investors with exposure to a stable and growing cash flow stream derived from pizza retail operations across Canada.
The company’s royalty rights cover over 700 restaurant locations operating under the Pizza Pizza and Pizza 73 banners, with a presence in Ontario, Alberta, and other Canadian provinces.
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