Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $0.91, but opened at $0.8550. Ceconomy shares last traded at $0.8550, with a volume of 141 shares traded.

Ceconomy Stock Down 6.0%

The firm’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.83. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04. The company has a market cap of $2.07 billion, a P/E ratio of 214.29 and a beta of 1.13.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $6.13 billion during 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 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.