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

by · The Markets Daily

Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($2.09) earnings per share (EPS) for the quarter, Zacks reports. Meritage Hospitality Group had a negative net margin of 8.89% and a negative return on equity of 41.97%. The business had revenue of $140.99 million during the quarter.

Meritage Hospitality Group Price Performance

MHGU traded down $0.21 during trading on Friday, hitting $2.35. The company’s stock had a trading volume of 5,725 shares, compared to its average volume of 9,148. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $15.86 million, a price-to-earnings ratio of -0.30 and a beta of -0.19. The firm’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $2.43. Meritage Hospitality Group has a 12 month low of $1.34 and a 12 month high of $12.12.

About Meritage Hospitality Group

(Get Free Report)

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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