Ceconomy (OTCMKTS:MTTRY) Hits New 12-Month Low – What’s Next?

Ceconomy (OTCMKTS:MTTRY) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.5628 and last traded at $0.82, with a volume of 39792 shares trading hands. The stock had previously closed at $0.82.

Ceconomy Price Performance

The business’s 50 day moving average price is $0.75 and its 200 day moving average price is $0.87. The stock has a market capitalization of $1.88 billion, a P/E ratio of -48.31 and a beta of 1.17. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $6.40 billion for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%.

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.