Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s share price gapped down before the market opened on Tuesday. The stock had previously closed at $0.9328, but opened at $0.8549. Ceconomy shares last traded at $0.8549, with a volume of 283 shares traded.

Ceconomy Stock Down 11.3%

The stock has a 50-day simple moving average of $0.82 and a 200-day simple moving average of $0.81. The firm has a market capitalization of $1.84 billion, a PE ratio of 21.37 and a beta of 1.11. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.51%. The company had revenue of $6.13 billion for the quarter.

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.