Meritage Hospitality Group (OTCMKTS:MHGU) Posts Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) issued its quarterly earnings data on Wednesday. The company reported ($2.09) earnings per share (EPS) for the quarter, Zacks reports. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.

Meritage Hospitality Group Stock Performance

OTCMKTS:MHGU traded up $0.28 during mid-day trading on Wednesday, hitting $2.56. 28,044 shares of the stock were exchanged, compared to its average volume of 9,241. The firm’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.42. The stock has a market capitalization of $17.30 million, a price-to-earnings ratio of -0.44 and a beta of -0.19. Meritage Hospitality Group has a fifty-two week low of $1.34 and a fifty-two week high of $12.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15.

Meritage Hospitality Group Company Profile

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.