Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.65 and traded as low as $13.40. Meritage Hospitality Group shares last traded at $13.65, with a volume of 679 shares changing hands.

Meritage Hospitality Group Stock Performance

The firm has a 50 day moving average of $14.65 and a two-hundred day moving average of $15.91. The stock has a market cap of $90.64 million, a P/E ratio of 56.88 and a beta of 0.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its earnings results on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.83). Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%. The business had revenue of $164.85 million for the quarter, compared to the consensus estimate of $181.50 million. On average, research analysts predict that Meritage Hospitality Group Inc. will post 0.66 EPS for the current fiscal year.

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.