Ceconomy (OTCMKTS:MTTRY) Trading Down 27.5% – Time to Sell?

Ceconomy (OTCMKTS:MTTRY) dropped 27.5% during mid-day trading on Thursday . The stock traded as low as $0.64 and last traded at $0.64. Approximately 9,538 shares were traded during trading, a decline of 70% from the average daily volume of 31,835 shares. The stock had previously closed at $0.8826.

Ceconomy Stock Down 28.2%

The stock’s 50-day moving average is $0.73 and its 200-day moving average is $0.86. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97. The stock has a market cap of $1.54 billion, a P/E ratio of -39.61 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%.

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.