Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,357 shares, an increase of 1,145.0% from the July 15th total of 109 shares. Based on an average daily volume of 8,165 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Meritage Hospitality Group Price Performance
Shares of OTCMKTS MHGU opened at $2.56 on Thursday. 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 $17.31 million, a price-to-earnings ratio of -0.44 and a beta of -0.19. Meritage Hospitality Group has a twelve month low of $1.34 and a twelve month high of $12.12. The firm has a 50-day moving average of $2.39 and a two-hundred day moving average of $2.43.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($2.09) earnings per share for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%.
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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