Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Up 0.9% – Here’s What Happened

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares shot up 0.9% on Monday . The company traded as high as $15.45 and last traded at $15.45. 101 shares were traded during trading, a decline of 93% from the average session volume of 1,545 shares. The stock had previously closed at $15.32.

Meritage Hospitality Group Stock Performance

The firm has a market cap of $102.28 million, a P/E ratio of 64.38 and a beta of 0.07. The company has a 50 day moving average of $15.78 and a 200 day moving average of $16.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.26 and a current ratio of 0.30.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.36% and a net margin of 0.62%. The business had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million. Analysts predict that Meritage Hospitality Group Inc. will post 1.4 EPS for the current fiscal year.

About Meritage Hospitality Group

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.