Meritage Hospitality Group (OTCMKTS:MHGU) Shares Up 0.1% – Here’s Why

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) rose 0.1% during mid-day trading on Thursday . The stock traded as high as $13.55 and last traded at $13.35. Approximately 1,655 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 951 shares. The stock had previously closed at $13.34.

Meritage Hospitality Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26. The company has a market capitalization of $88.71 million, a PE ratio of 55.64 and a beta of 0.05. The company has a 50 day simple moving average of $14.82 and a 200 day simple moving average of $16.01.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). The business had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million. Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%. Analysts anticipate that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.

About Meritage Hospitality Group

Meritage Hospitality Group Inc operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Taco John's brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.