Ceconomy (OTCMKTS:MTTRY) Shares Climb 15.5% – Here’s Why

Shares of Ceconomy (OTCMKTS:MTTRY) rose 15.5% during trading on Friday. The stock traded as high as $0.8777 and last traded at $0.8777. 734 shares traded hands during trading, a decline of 97% from the average daily volume of 21,198 shares. The stock had previously closed at $0.76.

Ceconomy Stock Performance

The business’s 50-day moving average is $0.81 and its 200 day moving average is $0.82. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.46 and a current ratio of 0.90. The company has a market cap of $2.13 billion, a PE ratio of 219.97 and a beta of 1.11.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $6.13 billion for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.51%.

About Ceconomy

Ceconomy AG is a Germany-based retail company specializing in consumer electronics and related services. It operates primarily through the MediaMarkt and Saturn brands, offering products such as televisions, computers, smartphones, cameras, home appliances, gaming equipment, and accessories.

The company serves customers through a combination of physical stores, online marketplaces, and digital sales channels. Its services include product delivery, installation, repair, technical support, financing solutions, and extended warranties.