Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report)'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.43 and traded as low as $13.81. Meritage Hospitality Group shares last traded at $14.76, with a volume of 310 shares trading hands.
Meritage Hospitality Group Price Performance
The company has a 50-day moving average of $14.40 and a 200-day moving average of $15.59. 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 firm has a market capitalization of $94.00 million, a price-to-earnings ratio of 58.90 and a beta of 0.05.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.83). Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%. The company had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million. As a group, research analysts anticipate that Meritage Hospitality Group Inc. will post 0.97 EPS for the current fiscal year.
About Meritage Hospitality Group
(
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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
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