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

Metro Inc. (OTCMKTS:MTRAF)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $64.18, but opened at $76.0150. Metro shares last traded at $76.0150, with a volume of 450 shares.

Analysts Set New Price Targets

Separately, BMO Capital Markets reaffirmed an “outperform” rating on shares of Metro in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Metro presently has a consensus rating of “Moderate Buy”.

Metro Stock Up 18.8%

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’s 50-day moving average is $65.54 and its 200 day moving average is $68.49. The stock has a market cap of $15.95 billion and a price-to-earnings ratio of 30.90.

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

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.