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Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

Meritage Hospitality Group logo with Retail/Wholesale background

Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.09 and traded as low as $12.32. Meritage Hospitality Group shares last traded at $12.32, with a volume of 1,377 shares.

Meritage Hospitality Group Trading Up 9.7 %

The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $89.82 million, a P/E ratio of 56.25 and a beta of -0.17. The stock's fifty day moving average price is $13.96 and its two-hundred day moving average price is $14.58.

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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