Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Up 0.1% – Still a Buy?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) was up 0.1% during trading on Thursday . The company traded as high as $13.55 and last traded at $13.35. Approximately 1,655 shares traded hands during trading, an increase of 74% from the average daily volume of 951 shares. The stock had previously closed at $13.34.

Meritage Hospitality Group Stock Performance

The company has a market capitalization of $88.71 million, a price-to-earnings ratio of 55.64 and a beta of 0.05. The company’s fifty day simple moving average is $14.82 and its two-hundred day simple moving average is $16.01. 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 quarterly earnings results 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 3.38% and a net margin of 0.62%. The business had revenue of $164.85 million for the quarter, compared to analyst estimates of $181.50 million. Equities research analysts predict that Meritage Hospitality Group Inc. will post 1.4 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.