Meritage Hospitality Group (OTCMKTS:MHGU) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.69 and traded as low as $2.60. Meritage Hospitality Group shares last traded at $2.65, with a volume of 1,900 shares.

Meritage Hospitality Group Stock Down 1.7%

The company has a current ratio of 0.21, a quick ratio of 0.17 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average price is $2.69 and its two-hundred day moving average price is $5.54. The firm has a market cap of $17.73 million, a P/E ratio of -1.61 and a beta of -0.07.

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.