Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 8.6% – Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) traded down 8.6% during trading on Friday . The company traded as low as $1.85 and last traded at $2.0294. 2,355 shares were traded during mid-day trading, a decline of 27% from the average session volume of 3,205 shares. The stock had previously closed at $2.22.

Meritage Hospitality Group Stock Down 8.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.15 and a quick ratio of 0.13. The business has a 50 day moving average of $2.07 and a 200 day moving average of $2.58. The firm has a market capitalization of $13.68 million, a price-to-earnings ratio of -0.35 and a beta of -0.12.

Meritage Hospitality Group (OTCMKTS:MHGU) last released its earnings results on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter. The business had revenue of $132.60 million during the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.

About Meritage Hospitality Group

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.