Metro (OTCMKTS:MTRAF) Trading Up 4.9% – Here’s Why

Shares of Metro Inc. (OTCMKTS:MTRAF) were up 4.9% during mid-day trading on Friday . The company traded as high as $66.92 and last traded at $66.92. Approximately 346 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 4,350 shares. The stock had previously closed at $63.82.

Analyst Ratings Changes

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, the company has an average rating of “Moderate Buy”.

Metro Price Performance

The firm has a market cap of $14.05 billion and a P/E ratio of 27.20. The firm’s fifty day simple moving average is $66.07 and its 200 day simple moving average is $69.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings data 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 return on equity of 15.02% and a net margin of 4.52%.The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations 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.