Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Down 0.5% – Here’s What Happened
by Amy Steele · The Cerbat GemShares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) were down 0.5% on Tuesday . The stock traded as low as $2.04 and last traded at $2.04. Approximately 1,000 shares traded 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 Stock Down 0.5%
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.09 and a quick ratio of 0.07. The stock has a market capitalization of $13.75 million, a P/E ratio of -0.40 and a beta of 0.02. The firm has a 50-day simple moving average of $2.70 and a 200 day simple moving average of $3.96.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last posted its earnings results on Monday, March 30th. The company reported ($2.28) EPS for the quarter, missing the consensus estimate of $0.48 by ($2.76). The firm had revenue of $144.99 million during the quarter, compared to the consensus estimate of $177.20 million. Meritage Hospitality Group had a negative net margin of 5.14% and a negative return on equity of 23.95%.
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.