Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) fell 8.6% during trading on Friday . The company traded as low as $1.85 and last traded at $2.0294. 2,355 shares were traded during mid-day trading, a decline of 27% from the average session volume of 3,205 shares. The stock had previously closed at $2.22.
Meritage Hospitality Group Trading Down 8.6%
The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15. The firm has a market cap of $13.68 million, a PE ratio of -0.35 and a beta of -0.12. The stock’s 50 day simple moving average is $2.07 and its 200 day simple moving average is $2.58.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%. The business had revenue of $132.60 million during the quarter.
Meritage Hospitality Group Company Profile
Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.
Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.
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