Meritage Hospitality Group (OTCMKTS:MHGU) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGUGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.49 and traded as low as $13.50. Meritage Hospitality Group shares last traded at $13.50, with a volume of 2,803 shares traded.

Meritage Hospitality Group Stock Performance

The company has a fifty day moving average price of $14.47 and a two-hundred day moving average price of $14.89. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.26 and a quick ratio of 0.22. The company has a market capitalization of $90.12 million, a P/E ratio of 56.46 and a beta of -0.17.

Meritage Hospitality Group Company Profile

(Get Free Report)

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.

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