Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 7.6% – Here’s What Happened

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares were down 7.6% during trading on Monday . The stock traded as low as $3.76 and last traded at $3.8425. Approximately 10,650 shares traded hands during mid-day trading, an increase of 307% from the average daily volume of 2,614 shares. The stock had previously closed at $4.1575.

Meritage Hospitality Group Stock Up 1.1%

The company has a quick ratio of 0.17, a current ratio of 0.21 and a debt-to-equity ratio of 1.17. The company has a 50 day simple moving average of $6.78 and a two-hundred day simple moving average of $10.37. The company has a market capitalization of $25.85 million and a P/E ratio of -2.35.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings data on Monday, November 17th. The company reported ($1.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($1.94). The company had revenue of $154.60 million during the quarter, compared to the consensus estimate of $173.10 million. Meritage Hospitality Group had a negative net margin of 1.28% and a negative return on equity of 6.70%. As a group, equities analysts predict that Meritage Hospitality Group Inc. will post 0.97 EPS 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.