Meritage Hospitality Group (OTCMKTS:MHGU) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.36 and traded as low as $2.0384. Meritage Hospitality Group shares last traded at $2.0384, with a volume of 300 shares changing hands.

Meritage Hospitality Group Stock Down 1.0%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.09 and a quick ratio of 0.07. The business’s fifty day simple moving average is $2.36 and its two-hundred day simple moving average is $3.09. The company has a market cap of $13.73 million, a PE ratio of -0.35 and a beta of -0.07.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 25.31%. The company had revenue of $132.60 million during the quarter.

About Meritage Hospitality Group

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.