Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Down 0.5% – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was down 0.5% on Tuesday . The stock traded as low as $2.04 and last traded at $2.04. Approximately 1,000 shares changed hands during trading, a decline of 80% from the average daily volume of 4,883 shares. The stock had previously closed at $2.05.

Meritage Hospitality Group Trading Up 0.4%

The company has a fifty day simple moving average of $2.65 and a two-hundred day simple moving average of $3.93. The company has a current ratio of 0.09, a quick ratio of 0.07 and a debt-to-equity ratio of 0.03. The company has a market cap of $14.88 million, a PE ratio of -0.43 and a beta of 0.02.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings results on Monday, March 30th. The company reported ($2.28) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($2.76). Meritage Hospitality Group had a negative return on equity of 23.95% and a negative net margin of 5.14%.The company had revenue of $144.99 million for the quarter, compared to analysts’ expectations of $177.20 million.

About Meritage Hospitality Group

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.