Meritage Hospitality Group (OTCMKTS:MHGU) Shares Up 0.1% – Should You Buy?

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

Meritage Hospitality Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.26 and a quick ratio of 0.22. The firm has a fifty day simple moving average of $14.82 and a 200-day simple moving average of $16.01. The firm has a market cap of $88.71 million, a P/E ratio of 55.64 and a beta of 0.05.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). The firm had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million. Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. On average, equities research analysts expect 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.