Meritage Hospitality Group (OTCMKTS:MHGU) Shares Pass Below 50-Day Moving Average of $16.72

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.72 and traded as low as $15.70. Meritage Hospitality Group shares last traded at $15.93, with a volume of 509 shares changing hands.

Meritage Hospitality Group Price Performance

The company has a market capitalization of $105.42 million, a P/E ratio of 19.66 and a beta of 0.06. The business’s 50-day moving average is $16.64 and its two-hundred day moving average is $17.36. 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 posted its earnings results on Friday, August 2nd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). Meritage Hospitality Group had a return on equity of 4.80% and a net margin of 0.88%. The firm had revenue of $172.36 million for the quarter, compared to the consensus estimate of $172.20 million. As a group, analysts predict that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current year.

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.