Ceconomy (OTCMKTS:MTTRY) Shares Down 9.3% – Here’s What Happened

Shares of Ceconomy (OTCMKTS:MTTRY) dropped 9.3% during mid-day trading on Monday . The company traded as low as $0.8251 and last traded at $0.8251. Approximately 1,837 shares changed hands during trading, a decline of 92% from the average daily volume of 23,123 shares. The stock had previously closed at $0.91.

Ceconomy Stock Down 9.3%

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46. The business has a 50 day moving average price of $0.82 and a 200 day moving average price of $0.83. The firm has a market capitalization of $2.00 billion, a P/E ratio of 206.79 and a beta of 1.13.

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

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.