Metro (OTCMKTS:MTRAF) Stock Passes Above 50 Day Moving Average – Here’s Why

Metro Inc. (OTCMKTS:MTRAF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $66.04 and traded as high as $67.62. Metro shares last traded at $67.62, with a volume of 26,809 shares traded.

Wall Street Analyst Weigh In

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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Metro has a consensus rating of “Moderate Buy”.

Metro Trading Up 0.9%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43. The firm has a market capitalization of $14.19 billion and a P/E ratio of 27.49. The firm has a 50 day moving average price of $66.04 and a two-hundred day moving average price of $69.02.

Metro (OTCMKTS:MTRAF) last announced its earnings results on Wednesday, April 22nd. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.84). Metro had a return on equity of 15.02% and a net margin of 4.52%.The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $7.10 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.