Meritage Hospitality Group (OTCMKTS:MHGU) Announces Quarterly Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) issued its quarterly earnings data on Wednesday. The company reported ($2.09) earnings per share for the quarter, Zacks reports. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.

Meritage Hospitality Group Price Performance

Shares of MHGU stock traded up $0.28 during trading on Wednesday, hitting $2.56. The company had a trading volume of 28,044 shares, compared to its average volume of 9,241. The firm has a market capitalization of $17.30 million, a P/E ratio of -0.44 and a beta of -0.19. Meritage Hospitality Group has a one year low of $1.34 and a one year high of $12.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15. The stock’s 50-day moving average price is $2.38 and its 200 day moving average price is $2.42.

About Meritage Hospitality Group

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.