Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report)’s share price traded up 1.4% during mid-day trading on Monday . The stock traded as high as $16.70 and last traded at $16.70. 201 shares changed hands 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 Price Performance
The firm’s 50 day moving average is $16.86 and its 200 day moving average is $17.48. The firm has a market cap of $110.55 million, a P/E ratio of 19.51 and a beta of 0.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.30 and a quick ratio of 0.26.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.33 earnings per share 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 company had revenue of $172.36 million for the quarter, compared to the consensus estimate of $172.20 million. As a group, analysts anticipate 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.
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