Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Up 1.4%

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) traded up 1.4% during trading on Monday . The stock traded as high as $16.70 and last traded at $16.70. 201 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,525 shares. The stock had previously closed at $16.47.

Meritage Hospitality Group Stock Performance

The firm has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $17.50. The company has a market capitalization of $110.55 million, a P/E ratio of 20.62 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) last posted its earnings results on Friday, August 2nd. The company reported $0.33 earnings per share (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 firm had revenue of $172.36 million during the quarter, compared to the consensus estimate of $172.20 million. On average, research analysts expect that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current fiscal 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.