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

Metro Inc. (OTCMKTS:MTRAF)’s share price gapped up prior to trading 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.

Wall Street Analysts Forecast Growth

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

Metro Price Performance

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 company has a market cap of $15.95 billion and a PE ratio of 30.90. The stock has a 50-day moving average of $65.87 and a 200-day moving average of $68.56.

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

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.