Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – What’s Next?

Shares of Ceconomy (OTCMKTS:MTTRY) gapped up before the market opened on Thursday . The stock had previously closed at $0.7563, but opened at $1.1267. Ceconomy shares last traded at $1.14, with a volume of 670 shares trading hands.

Ceconomy Stock Up 38.5%

The firm has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.88. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -64.69 and a beta of 1.17. 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 announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) EPS for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The business 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.