Metro (OTCMKTS:MTRAF) Trading Up 4.9% – Here’s Why

Metro Inc. (OTCMKTS:MTRAF)’s stock price shot up 4.9% on Friday . The stock traded as high as $66.92 and last traded at $66.92. 346 shares traded hands during trading, a decline of 92% from the average session volume of 4,350 shares. The stock had previously closed at $63.82.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Metro Trading Up 4.9%

The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $66.07 and its two-hundred day moving average is $69.14. The company has a market capitalization of $14.05 billion and a PE ratio of 27.20.

Metro (OTCMKTS:MTRAF) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.81 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.10 billion.

Metro Company Profile

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.