Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – Here’s Why

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $0.7419, but opened at $0.9836. Ceconomy shares last traded at $0.9836, with a volume of 113 shares traded.

Ceconomy Stock Performance

The company has a market cap of $2.39 billion, a PE ratio of 11.71 and a beta of 1.29. The business’s 50-day moving average is $0.93 and its 200 day moving average is $0.96. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.57 and a current ratio of 0.94.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Wednesday, February 11th. The company reported $0.09 EPS for the quarter. The company had revenue of $8.85 billion for the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 43.51%.

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.