Meritage Hospitality Group Inc. (OTCMKTS:MHGU – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 9 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily volume of 7,929 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Meritage Hospitality Group Price Performance
Shares of MHGU stock traded down $0.07 during trading hours on Tuesday, reaching $2.92. The company’s stock had a trading volume of 7,800 shares, compared to its average volume of 10,197. Meritage Hospitality Group has a fifty-two week low of $1.34 and a fifty-two week high of $13.12. The firm’s 50 day simple moving average is $2.16 and its 200-day simple moving average is $2.45. The company has a quick ratio of 0.13, a current ratio of 0.15 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $19.71 million, a price-to-earnings ratio of -0.50 and a beta of -0.11.
Meritage Hospitality Group (OTCMKTS:MHGU – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.The business had revenue of $132.60 million during 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.
Featured Articles
- Five stocks we like better than Meritage Hospitality Group
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Meritage Hospitality Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritage Hospitality Group and related companies with MarketBeat.com's FREE daily email newsletter.
