Metro (OTCMKTS:MTRAF) Shares Gap Up – What’s Next?

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 traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Metro Stock Down 1.9%

The firm has a market cap of $13.37 billion and a price-to-earnings ratio of 25.90. The firm has a 50 day moving average of $65.86 and a 200 day moving average of $68.82. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65.

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). The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $7.10 billion. Metro had a net margin of 4.52% and a return on equity of 15.02%.

Metro Company Profile

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.