Metro (OTCMKTS:MTRAF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Metro Inc. (OTCMKTS:MTRAF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $69.41 and traded as low as $65.17. Metro shares last traded at $65.17, with a volume of 220 shares traded.

Analyst Upgrades and Downgrades

MTRAF has been the subject of a number of research analyst reports. TD Securities reaffirmed a “buy” rating on shares of Metro in a research report on Wednesday, January 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Metro in a research report on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Metro Stock Performance

The business’s 50-day moving average price is $67.20 and its 200-day moving average price is $69.37. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.53 and a current ratio of 1.43. The stock has a market cap of $13.68 billion and a P/E ratio of 26.49.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings data 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 net margin of 4.52% and a return on equity of 15.02%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate 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.