Free Trial

Meritage Hospitality Group (OTCMKTS:MHGU) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Meritage Hospitality Group logo with Retail/Wholesale background
Remove Ads

Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $14.47 and traded as low as $14.00. Meritage Hospitality Group shares last traded at $14.50, with a volume of 4,100 shares changing hands.

Meritage Hospitality Group Stock Performance

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 $94.78 million, a PE ratio of 59.38 and a beta of 0.05. The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $15.09.

Meritage Hospitality Group Company Profile

(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.

Further Reading

Should You Invest $1,000 in Meritage Hospitality Group Right Now?

Before you consider Meritage Hospitality Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Meritage Hospitality Group wasn't on the list.

While Meritage Hospitality Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

3 Bank Stocks Defying Market Turmoil—Cheap Options Trades!
Time to Buy SoFi? Fintech’s Next Big Move
3 Chip Stocks Primed for a Comeback—Have They Found the Bottom?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads