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

Shares of Metro Inc. (OTCMKTS:MTRAF) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $68.39 and traded as high as $71.55. Metro shares last traded at $71.4990, with a volume of 13,264 shares traded.

Analyst Ratings Changes

MTRAF has been the subject of several research reports. Scotiabank reissued an “outperform” rating on shares of Metro in a research report on Thursday, November 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Metro in a research note on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Metro Trading Down 0.2%

The company has a fifty day moving average price of $68.39 and a two-hundred day moving average price of $72.55.

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

Metro Company Profile

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.