Ceconomy (OTCMKTS:MTTRY) Trading 6.1% Higher – Time to Buy?

Ceconomy (OTCMKTS:MTTRY) traded up 6.1% on Friday . The company traded as high as $0.91 and last traded at $0.91. Approximately 307 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 23,359 shares. The stock had previously closed at $0.8573.

Ceconomy Trading Up 6.1%

The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 228.07 and a beta of 1.13. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.46 and a current ratio of 0.90. The company has a 50 day moving average of $0.82 and a 200-day moving average of $0.84.

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

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.