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

Shares of Metro Inc. (OTCMKTS:MTRAF) gapped down before the market opened on Thursday . The stock had previously closed at $71.61, but opened at $66.23. Metro shares last traded at $66.23, with a volume of 502 shares traded.

Analyst Ratings Changes

MTRAF has been the topic of a number of analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Metro in a research note on Wednesday, January 28th. TD Securities reissued a “buy” rating on shares of Metro in a research report on Wednesday, January 28th. Finally, Scotiabank restated an “outperform” rating on shares of Metro in a research note on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Metro Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.42 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $70.93 and a two-hundred day simple moving average of $69.95. The company has a market cap of $14.09 billion and a PE ratio of 40.14.

Metro (OTCMKTS:MTRAF) last announced its earnings results on Tuesday, January 27th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). Metro had a net margin of 4.44% and a return on equity of 14.73%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.71 billion.

About Metro

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.