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

Metro Inc. (OTCMKTS:MTRAF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $64.18, but opened at $76.0150. Metro shares last traded at $76.0150, with a volume of 450 shares traded.

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 assigned a Hold rating to the company. Based on data from MarketBeat, Metro has an average rating of “Moderate Buy”.

Metro Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43. The company has a 50-day moving average of $65.54 and a 200-day moving average of $68.49. The stock has a market capitalization of $15.95 billion and a price-to-earnings ratio of 30.90.

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

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.