Ceconomy (OTCMKTS:MTTRY) Trading Up 16.6% – Should You Buy?

Ceconomy (OTCMKTS:MTTRY) was up 16.6% on Thursday . The company traded as high as $0.80 and last traded at $0.80. 225 shares changed hands during trading, a decline of 99% from the average session volume of 28,675 shares. The stock had previously closed at $0.6864.

Ceconomy Stock Performance

The business has a 50-day moving average price of $0.76 and a 200-day moving average price of $0.85. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 200.50 and a beta of 1.12.

Ceconomy (OTCMKTS:MTTRY) last posted 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 12.47%. The company had revenue of $6.13 billion for 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.