Metro (OTCMKTS:MTRAF) Shares Gap Down – Here’s Why

Shares of Metro Inc. (OTCMKTS:MTRAF) gapped down before the market opened on Monday . The stock had previously closed at $66.58, but opened at $63.96. Metro shares last traded at $63.96, with a volume of 135 shares trading hands.

Analyst Ratings Changes

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

Metro Trading Down 2.3%

The firm has a market capitalization of $13.38 billion and a PE ratio of 25.92. The firm has a 50 day simple moving average of $65.66 and a 200 day simple moving average of $68.59. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65.

Metro (OTCMKTS:MTRAF) last released its quarterly earnings data 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 return on equity of 15.02% and a net margin of 4.52%.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.