Meritage Hospitality Group (OTCMKTS:MHGU) Stock Passes Below Fifty Day Moving Average of $17.34

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.34 and traded as low as $16.63. Meritage Hospitality Group shares last traded at $16.63, with a volume of 172 shares changing hands.

Meritage Hospitality Group Stock Up 2.3 %

The firm has a market capitalization of $110.06 million, a PE ratio of 20.52 and a beta of 0.07. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average of $17.34 and a two-hundred day moving average of $17.93.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Thursday, May 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $162.85 million for the quarter, compared to analyst estimates of $162.80 million. Meritage Hospitality Group had a return on equity of 4.83% and a net margin of 0.88%. On average, equities research analysts forecast that Meritage Hospitality Group Inc. will post 1.4 EPS for the current year.

Meritage Hospitality Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 17th were given a $0.06 dividend. This represents a yield of 1.37%. The ex-dividend date was Friday, June 14th.

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.