Metro (OTCMKTS:MTRAF) Share Price Crosses Below 200-Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemMetro Inc. (OTCMKTS:MTRAF – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $68.30 and traded as low as $66.7750. Metro shares last traded at $66.7750, with a volume of 174,920 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets restated an “outperform” rating on shares of Metro in a research report on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Metro has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on Metro
Metro Trading Up 0.4%
The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.65. The stock has a market cap of $14.05 billion and a P/E ratio of 27.24. The business’s fifty day simple moving average is $65.90 and its 200 day simple moving average is $68.27.
Metro (OTCMKTS:MTRAF – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate 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.