Metro (OTCMKTS:MTRAF) Shares Gap Up – Here’s Why

Shares of Metro Inc. (OTCMKTS:MTRAF) gapped up prior to trading on Monday . The stock had previously closed at $64.95, but opened at $69.91. Metro shares last traded at $63.98, with a volume of 456 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Metro in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Metro currently has a consensus rating of “Moderate Buy”.

Metro Price Performance

The business has a 50-day simple moving average of $65.72 and a two-hundred day simple moving average of $68.71. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $13.54 billion and a price-to-earnings ratio of 26.24.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.84). Metro had a net margin of 4.52% and a return on equity of 15.02%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $7.10 billion.

About Metro

Metro AG, trading in the United States as an American Depositary Receipt under the symbol MTRAF, is a leading international wholesale company focused on supplying the foodservice and hospitality sectors. Through its METRO Cash & Carry division, the company operates self-service wholesale outlets that offer a broad assortment of food products, fresh perishables, non-food items and hotel and restaurant equipment. Metro’s business model caters exclusively to professional customers—hotels, restaurants, caterers and independent retailers—enabling them to purchase in bulk at competitive prices.

Founded in 1964 and headquartered in Düsseldorf, Germany, Metro has grown its footprint across Europe and Asia, serving customers in more than 30 countries.