Ceconomy (OTCMKTS:MTTRY) Stock Price Down 10.8% – What’s Next?

Ceconomy (OTCMKTS:MTTRY) shares fell 10.8% on Wednesday . The stock traded as low as $0.7266 and last traded at $0.7266. 576 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 30,679 shares. The stock had previously closed at $0.8145.

Ceconomy Trading Down 7.0%

The business’s 50 day moving average price is $0.75 and its 200-day moving average price 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 company has a market cap of $1.95 billion, a price-to-earnings ratio of 201.33 and a beta of 1.12.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%. The company had revenue of $6.13 billion during the quarter.

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.