Ceconomy (OTCMKTS:MTTRY) Trading 13% Higher – Here’s Why

Ceconomy (OTCMKTS:MTTRY) shares were up 13% during mid-day trading on Wednesday . The company traded as high as $0.9150 and last traded at $0.9150. 2,732 shares traded hands during trading, a decline of 92% from the average session volume of 32,703 shares. The stock had previously closed at $0.81.

Ceconomy Trading Up 13.3%

The firm’s 50 day simple moving average is $0.73 and its 200-day simple moving average is $0.86. The company has a market capitalization of $2.43 billion, a PE ratio of -62.50 and a beta of 1.17. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.

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.