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

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.

Analyst Ratings Changes

Separately, BMO Capital Markets cut Metro from an “outperform” rating to a “market perform” rating in a 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Metro Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.43 and a quick ratio of 0.59. The firm has a market capitalization of $13.68 billion and a P/E ratio of 21.62. The firm’s 50 day simple moving average is $65.16 and its two-hundred day simple moving average is $66.40.

Metro (OTCMKTS:MTRAF) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations 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.