Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 3.2% – Time to Sell?

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) were down 3.2% during trading on Tuesday . The stock traded as low as $2.23 and last traded at $2.23. 2,048 shares traded hands during trading, a decline of 77% from the average session volume of 8,819 shares. The stock had previously closed at $2.3038.

Meritage Hospitality Group Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15. The company has a market cap of $15.05 million, a PE ratio of -0.38 and a beta of -0.21. The business’s 50-day moving average is $2.25 and its 200 day moving average is $2.42.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.76) earnings per share (EPS) for the quarter. Meritage Hospitality Group had a negative net margin of 6.23% and a negative return on equity of 26.70%. The business had revenue of $132.60 million for the quarter.

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.