Meritage Hospitality Group (OTCMKTS:MHGU) Announces Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) released its earnings results on Friday. The company reported $999.00 EPS for the quarter, reports. Meritage Hospitality Group had a negative net margin of 5.14% and a negative return on equity of 23.95%.

Meritage Hospitality Group Stock Performance

Shares of MHGU stock remained flat at $2.06 during trading hours on Friday. 7,834 shares of the stock traded hands, compared to its average volume of 10,243. The stock has a 50-day simple moving average of $2.51 and a 200 day simple moving average of $3.43. The stock has a market cap of $13.88 million, a PE ratio of -0.40 and a beta of -0.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.07 and a current ratio of 0.09. Meritage Hospitality Group has a fifty-two week low of $1.96 and a fifty-two week high of $13.49.

Meritage Hospitality Group Company Profile

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.