Meritage Hospitality Group (MHGU) Projected to Post Quarterly Earnings on Friday

Meritage Hospitality Group (OTCMKTS:MHGU) will likely be issuing its results before the market opens on Friday, March 6th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Meritage Hospitality Group Stock Up 0.6%

OTCMKTS MHGU opened at $3.10 on Wednesday. Meritage Hospitality Group has a 52 week low of $2.07 and a 52 week high of $14.60. The company has a quick ratio of 0.17, a current ratio of 0.21 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $20.74 million, a P/E ratio of -1.88 and a beta of -0.07. The stock’s 50-day moving average price is $2.57 and its 200-day moving average price is $6.11.

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.