Ceconomy (OTCMKTS:MTTRY) Trading Down 11.8% – Here’s Why

Ceconomy (OTCMKTS:MTTRY) fell 11.8% during mid-day trading on Friday . The stock traded as low as $0.9350 and last traded at $0.9350. 1,056 shares changed hands during trading, a decline of 73% from the average session volume of 3,898 shares. The stock had previously closed at $1.06.

Ceconomy Stock Down 11.8%

The company’s 50-day simple moving average is $0.95 and its two-hundred day simple moving average is $0.95. The firm has a market capitalization of $2.27 billion, a P/E ratio of 11.13 and a beta of 1.30. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.90 and a quick ratio of 0.46.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.09 EPS for the quarter. The firm had revenue of $8.85 billion during the quarter. Ceconomy had a return on equity of 46.82% and a net margin of 0.71%.

About Ceconomy

Ceconomy AG is a Germany‐based consumer electronics retailer that operates under the MediaMarkt and Saturn banners. The company offers a broad range of products including computers, smartphones, home appliances, televisions, audio equipment and gaming consoles. In addition to in‐store retail, it provides e‐commerce solutions and related services such as installation, repair and customer support to meet evolving consumer preferences for omnichannel shopping. Ceconomy also engages in the sale of digital products and solutions, including software subscriptions, streaming services and connected home devices.

Formed in 2017 through a spin-off from the German wholesale and retail group METRO AG, Ceconomy inherited one of Europe’s largest consumer electronics footprints.