Meritage Hospitality Group (OTCMKTS:MHGU) Trading Up 0.9% – Should You Buy?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s share price rose 0.9% on Monday . The company traded as high as $15.45 and last traded at $15.45. Approximately 101 shares changed hands during trading, a decline of 93% from the average daily volume of 1,545 shares. The stock had previously closed at $15.32.

Meritage Hospitality Group Price Performance

The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $15.78 and its 200-day moving average is $16.70. The stock has a market cap of $102.28 million, a PE ratio of 64.38 and a beta of 0.07.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.36% and a net margin of 0.62%. The firm had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million. As a group, sell-side analysts predict that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.

About Meritage Hospitality Group

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.