Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Passes Below 50 Day Moving Average of $18.08

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.08 and traded as low as $17.01. Meritage Hospitality Group shares last traded at $18.43, with a volume of 9,277 shares trading hands.

Meritage Hospitality Group Stock Up 5.8 %

The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.24 and a current ratio of 0.29. The stock has a market cap of $121.61 million, a price-to-earnings ratio of 145.17 and a beta of 0.09. The business’s 50 day moving average is $18.08 and its 200 day moving average is $18.86.

Meritage Hospitality Group Company Profile

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.