Meritage Hospitality Group (OTCMKTS:MHGU) Shares Up 0.1% – What’s Next?

by · The Markets Daily

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

Meritage Hospitality Group Stock Performance

The business’s fifty day simple moving average is $14.78 and its 200-day simple moving average is $15.99. The firm has a market cap of $88.90 million, a P/E ratio of 55.75 and a beta of 0.05. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23.

Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last posted its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The business had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million. As a group, sell-side analysts expect that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.

About Meritage Hospitality Group

(Get Free Report)

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.

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