Ceconomy (OTCMKTS:MTTRY) Trading Down 12.6% – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s stock price was down 12.6% during mid-day trading on Wednesday . The stock traded as low as $0.5802 and last traded at $0.6758. 10,600 shares were traded during mid-day trading, a decline of 71% from the average session volume of 36,149 shares. The stock had previously closed at $0.7730.

Ceconomy Trading Down 0.4%

The firm has a market capitalization of $1.87 billion, a P/E ratio of -48.12 and a beta of 1.17. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The firm has a 50 day moving average of $0.75 and a 200-day moving average of $0.87.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%. The company had revenue of $6.40 billion during the quarter.

Ceconomy Company Profile

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.