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

Metro Inc. (OTCMKTS:MTRAF) gapped down prior to trading on Monday . The stock had previously closed at $76.0150, but opened at $62.41. Metro shares last traded at $62.41, with a volume of 125 shares traded.

Wall Street Analyst Weigh In

Separately, 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Metro Price Performance

The stock has a market cap of $13.46 billion and a price-to-earnings ratio of 26.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.43 and a quick ratio of 0.59. The stock’s 50 day simple moving average is $65.94 and its two-hundred day simple moving average is $68.47.

Metro (OTCMKTS:MTRAF) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 for 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.