Ceconomy (OTCMKTS:MTTRY) Trading 12.7% Higher – Time to Buy?

Shares of Ceconomy (OTCMKTS:MTTRY) rose 12.7% on Thursday . The stock traded as high as $0.9385 and last traded at $0.9385. 3,351 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 25,399 shares. The stock had previously closed at $0.8330.

Ceconomy Trading Up 19.2%

The company has a market cap of $2.22 billion, a price-to-earnings ratio of 229.77 and a beta of 1.13. The company’s fifty day moving average price is $0.80 and its two-hundred day moving average price is $0.84. The company has a quick ratio of 0.47, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data 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 during the quarter.

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.