Meritage Hospitality Group (OTCMKTS:MHGU) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.38 and traded as low as $1.9650. Meritage Hospitality Group shares last traded at $1.9650, with a volume of 500 shares changing hands.

Meritage Hospitality Group Price Performance

The firm has a 50-day moving average of $2.34 and a 200-day moving average of $2.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.10 and a current ratio of 0.11. The firm has a market capitalization of $13.43 million, a P/E ratio of -0.25 and a beta of -0.22.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Wednesday, August 12th. The company reported ($2.09) EPS for the quarter. Meritage Hospitality Group had a negative return on equity of 44.87% and a negative net margin of 8.89%.The business had revenue of $140.99 million during the quarter.

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.