Ceconomy (OTCMKTS:MTTRY) Posts Quarterly Earnings Results

Ceconomy (OTCMKTS:MTTRY) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.

Ceconomy Stock Up 13.3%

Shares of OTCMKTS:MTTRY opened at $1.00 on Friday. 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 has a 12-month low of $0.56 and a 12-month high of $4.71. The business has a fifty day simple moving average of $0.73 and a 200 day simple moving average of $0.86. The firm has a market cap of $2.43 billion, a P/E ratio of -62.50 and a beta of 1.17.

Ceconomy Company Profile

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.