Meritage Hospitality Group (OTCMKTS:MHGU) Shares Up 1.4%

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares traded up 1.4% on Monday . The company traded as high as $16.70 and last traded at $16.70. 201 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,525 shares. The stock had previously closed at $16.47.

Meritage Hospitality Group Trading Up 1.4 %

The firm has a market cap of $110.55 million, a PE ratio of 20.62 and a beta of 0.06. The company’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $17.50. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.18.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The business had revenue of $172.36 million for the quarter, compared to analysts’ expectations of $172.20 million. Meritage Hospitality Group had a return on equity of 4.80% and a net margin of 0.88%. As a group, sell-side analysts forecast that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current fiscal year.

About Meritage Hospitality Group

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.