Metro (OTCMKTS:MTRAF) Stock Price Up 4.9% – Here’s What Happened

Metro Inc. (OTCMKTS:MTRAF) rose 4.9% during mid-day trading on Friday . The company traded as high as $66.92 and last traded at $66.92. Approximately 346 shares were traded during trading, a decline of 92% from the average daily volume of 4,350 shares. The stock had previously closed at $63.82.

Analysts Set New Price Targets

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a report on Thursday, April 23rd. Three investment 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 an average rating of “Moderate Buy”.

Metro Price Performance

The company has a fifty day moving average of $66.05 and a 200-day moving average of $69.12. The firm has a market cap of $14.05 billion and a P/E ratio of 27.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.43 and a quick ratio of 0.59.

Metro (OTCMKTS:MTRAF) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.81 earnings per share (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 company 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.