Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report)'s stock price was up 0.3% during trading on Thursday . The stock traded as high as $13.12 and last traded at $13.11. Approximately 2,030 shares were traded during trading, an increase of 37% from the average daily volume of 1,486 shares. The stock had previously closed at $13.06.
Meritage Hospitality Group Price Performance
The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26. The company has a market capitalization of $87.43 million, a P/E ratio of 54.63 and a beta of -0.05. The firm's fifty day moving average is $13.02 and its 200 day moving average is $13.89.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.22). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The business had revenue of $154.50 million during the quarter, compared to analysts' expectations of $171.00 million. As a group, analysts predict that Meritage Hospitality Group Inc. will post 0.97 earnings per share for the current fiscal year.
About Meritage Hospitality Group
(
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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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