Meritage Hospitality Group (OTCMKTS:MHGU) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.37 and traded as low as $14.89. Meritage Hospitality Group shares last traded at $14.89, with a volume of 570 shares changing hands.

Meritage Hospitality Group Trading Down 2.9 %

The company has a market cap of $95.80 million, a P/E ratio of 60.27 and a beta of 0.04. The business's 50-day moving average price is $15.44 and its 200 day moving average price is $16.36. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26.

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share (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%. As a group, analysts expect that Meritage Hospitality Group Inc. will post 1.4 earnings per share 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.