Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $0.7912, but opened at $0.7331. Ceconomy shares last traded at $0.8275, with a volume of 6,686 shares changing hands.

Ceconomy Price Performance

The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -51.25 and a beta of 1.17. The company’s 50-day simple moving average is $0.73 and its 200-day simple moving average is $0.86. 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 posted its earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%.

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.