Ceconomy (OTCMKTS:MTTRY) Shares Down 18.7% – Time to Sell?

Ceconomy (OTCMKTS:MTTRY) shares fell 18.7% during mid-day trading on Wednesday. The stock traded as low as $0.6370 and last traded at $0.7584. Approximately 1,373 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 20,804 shares. The stock had previously closed at $0.9328.

Ceconomy Price Performance

The company’s fifty day moving average price is $0.82 and its 200 day moving average price is $0.81. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $1.84 billion, a P/E ratio of 190.08 and a beta of 1.11.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) earnings per share 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 during the quarter.

Ceconomy Company Profile

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.