Metro (OTCMKTS:MTRAF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Metro Inc. (OTCMKTS:MTRAF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $72.66 and traded as low as $71.4740. Metro shares last traded at $71.4740, with a volume of 10,596 shares traded.

Analyst Ratings Changes

MTRAF has been the subject of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Metro in a report on Thursday, November 20th. National Bankshares reaffirmed a “sector perform” rating on shares of Metro in a research note on Tuesday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a report on Thursday, November 20th. 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, the stock currently has an average rating of “Moderate Buy”.

Metro Price Performance

The business has a 50-day simple moving average of $67.87 and a 200 day simple moving average of $72.66.

Metro (OTCMKTS:MTRAF) last posted its quarterly earnings data on Wednesday, November 19th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.64 billion.

About Metro

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.