Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) released its earnings results on Wednesday. The company reported ($2.09) EPS for the quarter, Zacks reports. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%.
Meritage Hospitality Group Price Performance
Shares of MHGU traded up $0.28 during midday trading on Wednesday, reaching $2.56. The stock had a trading volume of 28,044 shares, compared to its average volume of 9,241. The company’s 50-day moving average is $2.38 and its 200 day moving average is $2.42. Meritage Hospitality Group has a 12-month low of $1.34 and a 12-month high of $12.12. The company has a current ratio of 0.15, a quick ratio of 0.13 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $17.30 million, a price-to-earnings ratio of -0.44 and a beta of -0.19.
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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