Ceconomy (OTCMKTS:MTTRY) Reaches New 52-Week Low – Here’s What Happened

Shares of Ceconomy (OTCMKTS:MTTRY) hit a new 52-week low on Thursday . The company traded as low as $0.6337 and last traded at $0.6337, with a volume of 100 shares trading hands. The stock had previously closed at $0.6813.

Ceconomy Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $1.54 billion, a PE ratio of -39.61 and a beta of 1.16. The firm has a 50 day moving average price of $0.80 and a 200-day moving average price of $0.89.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The firm had revenue of $6.40 billion for 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.