Meritage Hospitality Group (OTCMKTS:MHGU) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Meritage Hospitality Group Inc. (OTCMKTS:MHGU)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.29 and traded as low as $2.00. Meritage Hospitality Group shares last traded at $2.25, with a volume of 5,209 shares traded.

Meritage Hospitality Group Stock Performance

The stock’s fifty day simple moving average is $2.29 and its two-hundred day simple moving average is $2.42. The company has a market cap of $15.19 million, a price-to-earnings ratio of -0.39 and a beta of -0.21. 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 (OTCMKTS:MHGU) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.76) EPS for the quarter. The firm had revenue of $132.60 million for the quarter. Meritage Hospitality Group had a negative return on equity of 26.70% and a negative net margin of 6.23%.

About Meritage Hospitality Group

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.