Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.65 and traded as low as $13.40. Meritage Hospitality Group shares last traded at $13.65, with a volume of 679 shares.

Meritage Hospitality Group Stock Performance

The business’s 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $15.85. The stock has a market cap of $90.64 million, a P/E ratio of 56.88 and a beta of 0.05. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.23.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). The business had revenue of $164.85 million for the quarter, compared to the consensus estimate of $181.50 million. Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. As a group, analysts expect that Meritage Hospitality Group Inc. will post 0.66 EPS for the current year.

Meritage Hospitality Group Company Profile

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.