Metro (OTCMKTS:MTRAF) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Metro Inc. (OTCMKTS:MTRAFGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.30 and traded as low as $66.7750. Metro shares last traded at $66.7750, with a volume of 174,920 shares changing hands.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets restated an “outperform” rating on shares of Metro in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Metro presently has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Metro

Metro Stock Up 1.3%

The business’s 50 day moving average is $65.88 and its 200-day moving average is $68.30. The stock has a market cap of $14.00 billion and a price-to-earnings ratio of 27.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.59 and a current ratio of 1.43.

Metro (OTCMKTS:MTRAFGet Free Report) last announced its earnings results 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 net margin of 4.52% and a return on equity of 15.02%. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $7.10 billion.

About Metro

(Get Free Report)

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.

Further Reading

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