Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Here’s Why

Ceconomy (OTCMKTS:MTTRY) gapped down prior to trading on Wednesday. The stock had previously closed at $0.8474, but opened at $0.8120. Ceconomy shares last traded at $0.8120, with a volume of 507 shares changing hands.

Ceconomy Stock Performance

The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 203.03 and a beta of 1.13. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46. The firm’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.83.

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

Ceconomy Company Profile

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.