Metro (OTCMKTS:MTRAF) Shares Gap Up – Here’s What Happened

Metro Inc. (OTCMKTS:MTRAF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $63.6441, but opened at $65.71. Metro shares last traded at $65.71, with a volume of 100 shares.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut shares of Metro from an “outperform” rating to a “market perform” rating in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Metro currently has a consensus rating of “Moderate Buy”.

Metro Stock Performance

The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average of $65.10 and a 200-day moving average of $66.46. The stock has a market cap of $13.68 billion and a PE ratio of 21.62.

Metro (OTCMKTS:MTRAF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Metro had a return on equity of 14.23% and a net margin of 4.01%.The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.86 billion.

Metro Company Profile

Metro Inc is a Canadian food retailer and pharmacy operator headquartered in Montreal, Quebec. The company sells groceries, fresh food, prepared meals, household products and other consumer goods through a network of supermarkets, discount stores and pharmacies.

Metro operates grocery banners including Metro, Super C and Food Basics, serving customers primarily in Quebec and Ontario. Its pharmacy operations include the Jean Coutu and Brunet banners, which provide prescription services, over-the-counter medications, health and beauty products, and related healthcare services.

The company traces its roots to 1947 and has expanded through organic growth and acquisitions, including its acquisition of the Jean Coutu Group in 2018.