Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.29 and traded as low as $2.00. Meritage Hospitality Group shares last traded at $2.25, with a volume of 5,209 shares traded.
Meritage Hospitality Group Trading Up 12.5%
The firm has a market capitalization of $15.19 million, a price-to-earnings ratio of -0.39 and a beta of -0.21. The business’s 50-day simple moving average is $2.29 and its two-hundred day simple moving average is $2.42. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.76) EPS for the quarter. The company had revenue of $132.60 million during the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.
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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