Meritage Hospitality Group (OTCMKTS:MHGU) Shares Pass Below Fifty Day Moving Average – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.36 and traded as low as $2.0384. Meritage Hospitality Group shares last traded at $2.0384, with a volume of 300 shares traded.

Meritage Hospitality Group Stock Performance

The company has a current ratio of 0.09, a quick ratio of 0.07 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $11.93 million, a price-to-earnings ratio of -0.30 and a beta of -0.07. The stock’s 50 day moving average price is $2.32 and its two-hundred day moving average price is $3.02.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Friday, May 8th. The company reported $999.00 EPS for the quarter. The firm had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 25.31%.

Meritage Hospitality Group Company Profile

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.