Metro (OTCMKTS:MTRAF) Shares Gap Up – Still a Buy?

Shares of Metro Inc. (OTCMKTS:MTRAF) gapped up before the market opened on Thursday. The stock had previously closed at $63.81, but opened at $67.46. Metro shares last traded at $67.71, with a volume of 209 shares trading hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered Metro from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metro presently has an average rating of “Moderate Buy”.

Metro Stock Performance

The stock has a 50-day moving average price of $64.39 and a two-hundred day moving average price of $65.58. The stock has a market capitalization of $13.99 billion and a PE ratio of 22.15. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.60 and a current ratio of 1.43.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. The business had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.86 billion. Metro had a return on equity of 14.24% and a net margin of 4.01%.

About Metro

Metro Inc is a Canadian food retailer and pharmacy operator headquartered in Montréal, Québec. The company operates supermarkets, discount grocery stores, pharmacies and convenience-oriented food outlets, serving customers primarily in Québec and Ontario.

Its retail banners include Metro and Super C in Québec, Food Basics in Ontario, and Jean Coutu and Brunet pharmacies. Metro also supplies affiliated retailers and operates distribution and logistics infrastructure that supports its store network.