Ceconomy (OTCMKTS:MTTRY) Stock Price Down 25.4% – Should You Sell?

Ceconomy (OTCMKTS:MTTRY)’s stock price traded down 25.4% during trading on Wednesday . The stock traded as low as $0.69 and last traded at $0.69. Approximately 901 shares traded hands during trading, a decline of 96% from the average daily volume of 24,645 shares. The stock had previously closed at $0.9250.

Ceconomy Price Performance

The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 172.93 and a beta of 1.13. The stock has a 50-day moving average of $0.82 and a 200-day moving average of $0.84. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm 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%.

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.