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

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $0.7786, but opened at $0.8792. Ceconomy shares last traded at $0.8792, with a volume of 104 shares.

Ceconomy Stock Performance

The firm has a market cap of $2.13 billion, a PE ratio of 220.35 and a beta of 1.11. The company has a 50 day simple moving average of $0.82 and a 200-day simple moving average of $0.85. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46.

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

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.