Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.65 and traded as low as $13.40. Meritage Hospitality Group shares last traded at $13.65, with a volume of 679 shares traded.

Meritage Hospitality Group Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average price of $14.65 and a 200-day moving average price of $15.91. The firm has a market capitalization of $90.64 million, a price-to-earnings ratio of 56.88 and a beta of 0.05.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The company had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million. As a group, analysts anticipate that Meritage Hospitality Group Inc. will post 0.66 earnings per share for the current fiscal year.

About Meritage Hospitality Group

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.