Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) shares rose 0.3% during trading on Thursday . The company traded as high as $13.12 and last traded at $13.11. Approximately 2,030 shares traded hands during mid-day 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 Stock Performance
The company has a fifty day moving average of $13.02 and a two-hundred day moving average of $13.93. The firm has a market capitalization of $87.38 million, a price-to-earnings ratio of 54.63 and a beta of -0.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $154.50 million for the quarter, compared to the consensus estimate of $171.00 million. Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. As a group, equities research 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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