Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.42 and traded as low as $2.35. Meritage Hospitality Group shares last traded at $2.35, with a volume of 7,593 shares traded.

Meritage Hospitality Group Stock Up 1.7%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. The stock has a market capitalization of $15.86 million, a price-to-earnings ratio of -0.30 and a beta of -0.19. The firm’s fifty day moving average is $2.42 and its 200-day moving average is $2.43.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($2.09) earnings per share for the quarter. The company had revenue of $140.99 million for the quarter. Meritage Hospitality Group had a negative return on equity of 41.97% and a negative net margin of 8.89%.

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.