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

Metro Inc. (OTCMKTS:MTRAF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $63.6441, but opened at $65.71. Metro shares last traded at $65.71, with a volume of 100 shares changing hands.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets downgraded shares of Metro from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Metro Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $65.10 and a two-hundred day simple moving average of $66.46. The company has a market cap of $13.68 billion and a PE ratio of 21.62.

Metro (OTCMKTS:MTRAF) last issued its earnings results on Wednesday, August 12th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.86 billion. Metro had a return on equity of 14.23% and a net margin of 4.01%.

About Metro

Metro Inc is a Canadian food retailer and pharmacy operator headquartered in Montreal, Quebec. The company sells groceries, fresh food, prepared meals, household products and other consumer goods through a network of supermarkets, discount stores and pharmacies.

Metro operates grocery banners including Metro, Super C and Food Basics, serving customers primarily in Quebec and Ontario. Its pharmacy operations include the Jean Coutu and Brunet banners, which provide prescription services, over-the-counter medications, health and beauty products, and related healthcare services.

The company traces its roots to 1947 and has expanded through organic growth and acquisitions, including its acquisition of the Jean Coutu Group in 2018.