Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 9 shares, a growth of ∞ from the May 31st total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,929 shares, the short-interest ratio is presently 0.0 days.
Meritage Hospitality Group Price Performance
Shares of OTCMKTS:MHGU traded down $0.07 during trading on Tuesday, reaching $2.92. 7,800 shares of the company traded hands, compared to its average volume of 10,197. The firm has a market capitalization of $19.71 million, a PE ratio of -0.50 and a beta of -0.11. Meritage Hospitality Group has a 52 week low of $1.34 and a 52 week high of $13.12. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $2.16 and its two-hundred day moving average is $2.45.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter. The company had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.
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.
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