Meritage Hospitality Group (OTCMKTS:MHGU) Announces Quarterly Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) issued its quarterly earnings data on Wednesday. The company reported ($2.09) EPS for the quarter, Zacks reports. The business had revenue of $140.99 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 Stock Performance

Shares of MHGU remained flat at $2.56 during trading hours on Thursday. The stock had a trading volume of 28,044 shares, compared to its average volume of 4,609. Meritage Hospitality Group has a 52-week low of $1.34 and a 52-week high of $12.12. The business’s 50 day moving average price is $2.39 and its two-hundred day moving average price is $2.43. 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 $17.31 million, a P/E ratio of -0.44 and a beta of -0.19.

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.