Metro (OTCMKTS:MTRAF) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Metro Inc. (OTCMKTS:MTRAF)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $65.10 and traded as high as $66.05. Metro shares last traded at $65.91, with a volume of 100,451 shares.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets cut shares of Metro from an “outperform” rating to a “market perform” rating in a research note 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 stock presently has an average rating of “Moderate Buy”.

Metro Price Performance

The stock has a fifty day moving average of $65.14 and a two-hundred day moving average of $66.43. The stock has a market cap of $13.68 billion and a price-to-earnings ratio of 21.62. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65.

Metro (OTCMKTS:MTRAF) last released its earnings results on Wednesday, August 12th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Metro had a return on equity of 14.23% and a net margin of 4.01%.The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.86 billion.

Metro Company Profile

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.