Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.42 and traded as low as $2.35. Meritage Hospitality Group shares last traded at $2.35, with a volume of 7,593 shares traded.
Meritage Hospitality Group Price Performance
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. The company has a market cap of $15.86 million, a PE ratio of -0.30 and a beta of -0.19. The company has a 50-day moving average price of $2.42 and a two-hundred day moving average price of $2.43.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($2.09) EPS for the quarter. The company had revenue of $140.99 million for the quarter. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%.
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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