Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 3.9% – Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price fell 3.9% during trading on Monday . The company traded as low as $2.0670 and last traded at $2.0670. 187,665 shares were traded during mid-day trading, an increase of 986% from the average session volume of 17,284 shares. The stock had previously closed at $2.15.

Meritage Hospitality Group Trading Down 3.9%

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.17 and a current ratio of 0.21. The company’s 50-day moving average price is $4.96 and its 200-day moving average price is $9.40. The firm has a market capitalization of $13.81 million, a PE ratio of -1.25 and a beta of 0.01.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Monday, November 17th. The company reported ($1.48) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.94). Meritage Hospitality Group had a negative net margin of 1.28% and a negative return on equity of 6.70%. The business had revenue of $154.60 million during the quarter, compared to analysts’ expectations of $173.10 million. On average, sell-side analysts expect that Meritage Hospitality Group Inc. will post 0.97 earnings per share for the current year.

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.