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

Metro Inc. (OTCMKTS:MTRAF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $70.67 and traded as low as $67.78. Metro shares last traded at $68.28, with a volume of 440 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTRAF. Scotiabank reissued an “outperform” rating on shares of Metro in a research report on Thursday, November 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Metro in a research note on Wednesday, January 28th. Finally, TD Securities reiterated a “buy” rating on shares of Metro in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Metro has an average rating of “Moderate Buy”.

Metro Trading Up 1.8%

The stock has a market cap of $14.56 billion and a PE ratio of 83.27. The company has a quick ratio of 0.51, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $71.13 and its 200 day moving average price is $70.67.

Metro (OTCMKTS:MTRAF) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Metro had a return on equity of 14.73% and a net margin of 4.44%.

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.