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

Ceconomy (OTCMKTS:MTTRY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $0.9450, but opened at $0.8150. Ceconomy shares last traded at $0.8150, with a volume of 115 shares trading hands.

Ceconomy Trading Down 9.4%

The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.46 and a current ratio of 0.90. The company has a market capitalization of $1.98 billion, a P/E ratio of 9.70 and a beta of 1.32. The company’s fifty day simple moving average is $0.94 and its 200-day simple moving average is $0.94.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $8.85 billion during the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 46.82%.

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.