Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Down 1.7%

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was down 1.7% during trading on Tuesday . The company traded as low as $16.55 and last traded at $17.70. Approximately 618 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 1,791 shares. The stock had previously closed at $18.00.

Meritage Hospitality Group Stock Performance

The stock has a market capitalization of $117.17 million, a P/E ratio of 21.85 and a beta of 0.07. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.28. The business has a fifty day moving average price of $17.61 and a 200-day moving average price of $18.29.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $162.85 million for the quarter, compared to the consensus estimate of $162.80 million. Meritage Hospitality Group had a net margin of 1.31% and a return on equity of 7.22%. On average, sell-side analysts expect that Meritage Hospitality Group Inc. will post 0.97 EPS for the current year.

Meritage Hospitality Group Announces Dividend

The company also recently announced a dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were issued a $0.06 dividend. This represents a yield of 1.37%. The ex-dividend date of this dividend was Friday, June 14th.

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.