Meritage Hospitality Group (OTCMKTS:MHGU) Announces Earnings Results

by · The Cerbat Gem

Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) announced its quarterly earnings data on Friday. The company reported $999.00 EPS for the quarter, reports. Meritage Hospitality Group had a negative return on equity of 23.95% and a negative net margin of 5.14%.The firm had revenue of $132.60 million during the quarter.

Meritage Hospitality Group Stock Performance

Shares of OTCMKTS MHGU opened at $2.06 on Friday. Meritage Hospitality Group has a one year low of $1.96 and a one year high of $13.49. The firm has a market capitalization of $13.88 million, a PE ratio of -0.35 and a beta of -0.07. 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 business has a 50-day moving average price of $2.51 and a two-hundred day moving average price of $3.43.

About Meritage Hospitality Group

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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.

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