Meritage Hospitality Group (OTCMKTS:MHGU) Shares Up 0.1% – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price rose 0.1% during trading on Thursday . The stock traded as high as $13.55 and last traded at $13.35. Approximately 1,655 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 951 shares. The stock had previously closed at $13.34.

Meritage Hospitality Group Price Performance

The stock has a market capitalization of $88.90 million, a PE ratio of 55.75 and a beta of 0.05. The business’s 50-day moving average price is $14.78 and its 200 day moving average price is $15.99. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The business had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million. Research analysts forecast that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.

About Meritage Hospitality Group

Meritage Hospitality Group Inc operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Taco John's brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.