Metro (OTCMKTS:MTRAF) Shares Gap Up – Should You Buy?

Metro Inc. (OTCMKTS:MTRAF)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $63.81, but opened at $67.46. Metro shares last traded at $67.71, with a volume of 209 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “market perform” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Metro currently has a consensus rating of “Moderate Buy”.

Metro Stock Up 3.1%

The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.60 and a current ratio of 1.43. The firm has a market cap of $13.98 billion and a PE ratio of 22.09. The stock has a fifty day moving average price of $64.27 and a 200-day moving average price of $65.57.

Metro (OTCMKTS:MTRAF) last issued its earnings results on Wednesday, August 12th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.86 billion. Metro had a net margin of 4.01% and a return on equity of 14.24%.

About Metro

Metro Inc is a Canadian food retailer and pharmacy operator headquartered in Montréal, Québec. The company operates supermarkets, discount grocery stores, pharmacies and convenience-oriented food outlets, serving customers primarily in Québec and Ontario.

Its retail banners include Metro and Super C in Québec, Food Basics in Ontario, and Jean Coutu and Brunet pharmacies. Metro also supplies affiliated retailers and operates distribution and logistics infrastructure that supports its store network.