Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.68 and traded as low as $2.29. Meritage Hospitality Group shares last traded at $2.9375, with a volume of 43,682 shares.

Meritage Hospitality Group Price Performance

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.17 and a current ratio of 0.21. The company has a market capitalization of $19.65 million, a price-to-earnings ratio of -1.78 and a beta of 0.03. The company has a 50-day moving average price of $2.68 and a 200-day moving average price of $7.28.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Monday, November 17th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.94). The firm had revenue of $154.60 million for the quarter, compared to analyst estimates of $173.10 million. Meritage Hospitality Group had a negative net margin of 1.28% and a negative return on equity of 6.70%. On average, equities research analysts expect that Meritage Hospitality Group Inc. will post 0.97 EPS for the current fiscal year.

About Meritage Hospitality Group

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.