Meritage Hospitality Group (OTCMKTS:MHGU) Posts Earnings Results

Meritage Hospitality Group (OTCMKTS:MHGU) posted its earnings results on Friday, May 8th. The company reported ($0.76) 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%.The business had revenue of $132.60 million during the quarter.

Meritage Hospitality Group Stock Down 1.4%

OTCMKTS MHGU traded down $0.04 during trading on Thursday, reaching $2.95. 5,869 shares of the company’s stock were exchanged, compared to its average volume of 8,748. The stock has a market cap of $19.90 million, a P/E ratio of -0.51 and a beta of -0.21. Meritage Hospitality Group has a 1 year low of $1.34 and a 1 year high of $13.12. The company has a 50 day moving average price of $2.19 and a two-hundred day moving average price of $2.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.13 and a current ratio of 0.15.

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.