Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Up 2% - Time to Buy?

Key Points

• Meritage Hospitality Group's stock saw a **2% increase**, reaching $9.65, with trading volume up **110%** from average levels.
• The company reported disappointing **earnings** for the last quarter, with a loss of ($0.04) EPS, significantly missing the consensus estimate of $0.54.
• Meritage Hospitality operates various restaurant brands including **Wendy's** and **Taco John's** across several states in the U.S.

Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) shares were up 2% during trading on Monday . The stock traded as high as $9.65 and last traded at $9.65. Approximately 1,094 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 520 shares. The stock had previously closed at $9.46.

Meritage Hospitality Group Stock Up 2.0%

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.22 and a current ratio of 0.26. The firm has a market capitalization of $64.46 million, a P/E ratio of -18.92 and a beta of -0.08. The stock has a fifty day moving average price of $10.95 and a two-hundred day moving average price of $12.25.

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.58). Meritage Hospitality Group had a negative net margin of 0.10% and a negative return on equity of 0.54%. The business had revenue of $163.50 million for the quarter, compared to the consensus estimate of $181.00 million. Research analysts forecast that Meritage Hospitality Group Inc. will post 0.97 EPS for the current 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.

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