Meritage Hospitality Group (OTCMKTS:MHGU) Trading Down 7.6% – Should You Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s share price fell 7.6% on Monday . The stock traded as low as $3.76 and last traded at $3.8425. 10,650 shares changed hands during mid-day trading, an increase of 307% from the average session volume of 2,614 shares. The stock had previously closed at $4.1575.

Meritage Hospitality Group Stock Performance

The firm’s 50-day moving average price is $7.04 and its two-hundred day moving average price is $10.48. The company has a quick ratio of 0.17, a current ratio of 0.21 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $25.67 million, a PE ratio of -2.33 and a beta of 0.01.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings data on Monday, November 17th. The company reported ($1.48) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($1.94). Meritage Hospitality Group had a negative return on equity of 6.70% and a negative net margin of 1.28%.The firm had revenue of $154.60 million during the quarter, compared to analyst estimates of $173.10 million. As a group, research analysts predict that Meritage Hospitality Group Inc. will post 0.97 earnings per share 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.