Ceconomy (OTCMKTS:MTTRY) Stock Price Down 18.8% – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s stock price fell 18.8% on Monday . The company 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 Down 0.5%

The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 200.50 and a beta of 1.12. The business’s 50-day moving average is $0.77 and its 200-day moving average is $0.85. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The business had revenue of $6.13 billion during the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%.

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.