Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) dropped 1.3% during trading on Monday . The company traded as low as $15.42 and last traded at $15.80. Approximately 201 shares traded hands during trading, a decline of 87% from the average daily volume of 1,590 shares. The stock had previously closed at $16.00.
Meritage Hospitality Group Stock Performance
The firm's 50 day moving average price is $16.21 and its two-hundred day moving average price is $17.05. The firm has a market cap of $104.60 million, a PE ratio of 32.25 and a beta of 0.06. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.26 and a current ratio of 0.30.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.04). Meritage Hospitality Group had a net margin of 0.88% and a return on equity of 4.80%. The business had revenue of $172.36 million during the quarter, compared to analysts' expectations of $172.20 million. On average, research analysts forecast that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.
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.
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