Metro (OTCMKTS:MTRAF) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Metro Inc. (OTCMKTS:MTRAF)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $66.04 and traded as high as $67.62. Metro shares last traded at $67.62, with a volume of 26,809 shares trading hands.

Analysts Set New Price Targets

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

Metro Trading Up 0.9%

The stock has a market capitalization of $14.19 billion and a PE ratio of 27.49. The firm has a 50-day moving average price of $66.04 and a 200-day moving average price of $69.02. 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 announced its 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 net margin of 4.52% and a return on equity of 15.02%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $7.10 billion.

About Metro

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.