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

Shares of Meritage Hospitality Group Inc. (OTCMKTS:MHGU) were up 0.1% on Thursday . The company traded as high as $13.55 and last traded at $13.35. Approximately 1,655 shares changed 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 Trading Up 0.2 %

The company’s 50 day moving average price is $14.78 and its two-hundred day moving average price is $15.99. The firm has a market cap of $88.90 million, a PE ratio of 55.75 and a beta of 0.05. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.23.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share 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 firm had revenue of $164.85 million during the quarter, compared to analysts’ expectations of $181.50 million. As a group, sell-side analysts forecast that Meritage Hospitality Group Inc. will post 1.4 EPS for the current 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.