Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) shares dropped 1.2% during trading on Thursday . The company traded as low as $12.36 and last traded at $12.84. Approximately 300 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 250 shares. The stock had previously closed at $13.00.
Meritage Hospitality Group Price Performance
The company has a 50 day moving average of $13.09 and a 200 day moving average of $13.60. The company has a current ratio of 0.30, a quick ratio of 0.27 and a debt-to-equity ratio of 1.14. The firm has a market cap of $85.64 million, a price-to-earnings ratio of -91.71 and a beta of -0.06.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last released 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). Meritage Hospitality Group had a net margin of 0.32% and a return on equity of 1.71%. The business had revenue of $154.50 million for the quarter, compared to the consensus estimate of $171.00 million. Equities research analysts predict that Meritage Hospitality Group Inc. will post 0.97 EPS for the current fiscal year.
Meritage Hospitality Group Company Profile
(
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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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