Meritage Hospitality Group (OTCMKTS:MHGU) Shares Cross Below 200-Day Moving Average – Should You Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.37 and traded as low as $14.89. Meritage Hospitality Group shares last traded at $14.89, with a volume of 570 shares changing hands.

Meritage Hospitality Group Trading Up 0.1 %

The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $98.62 million, a price-to-earnings ratio of 62.04 and a beta of 0.04. The firm’s 50-day moving average is $15.46 and its 200 day moving average is $16.37.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.83). The business had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million. Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. On average, equities analysts predict that Meritage Hospitality Group Inc. will post 1.4 earnings per share for the current fiscal year.

Meritage Hospitality Group Company Profile

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.