Ceconomy (OTCMKTS:MTTRY) Trading Down 18.8% – Here’s Why

Ceconomy (OTCMKTS:MTTRY) shares dropped 18.8% during mid-day trading on Monday . The stock traded as low as $0.65 and last traded at $0.65. 4,113 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 27,577 shares. The stock had previously closed at $0.80.

Ceconomy Stock Performance

The business has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.85. The firm has a market capitalization of $1.94 billion, a PE ratio of 200.50 and a beta of 1.12. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 12.47% and a negative net margin of 0.03%.The company had revenue of $6.13 billion for the quarter.

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.