Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 2.2% - Here's Why

Key Points

• Meritage Hospitality Group's stock fell by 2.2% to $11.25, with trading volume increasing by 389% compared to its average session volume.
• The company's recent earnings report showed a loss of ($0.04) per share, significantly missing expectations of $0.54, alongside revenue of $163.50 million, below the anticipated $181.00 million.
• Meritage has a market capitalization of $75.15 million, a price-to-earnings ratio of -22.06, and a negative return on equity of -0.54%.

Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Get Free Report) traded down 2.2% on Monday . The company traded as low as $11.25 and last traded at $11.25. 2,400 shares were traded during mid-day trading, an increase of 389% from the average session volume of 491 shares. The stock had previously closed at $11.50.

Meritage Hospitality Group Stock Performance

The stock has a market capitalization of $75.15 million, a price-to-earnings ratio of -22.06 and a beta of -0.06. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.11. The stock's 50 day moving average is $12.31 and its two-hundred day moving average is $13.06.

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

Meritage Hospitality Group Company Profile

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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