Ceconomy (OTCMKTS:MTTRY) Stock Price Down 13% – Here’s Why

Shares of Ceconomy (OTCMKTS:MTTRY) were down 13% during trading on Tuesday . The stock traded as low as $0.6813 and last traded at $0.6813. 355 shares were traded during mid-day trading, a decline of 99% from the average session volume of 23,838 shares. The stock had previously closed at $0.7830.

Ceconomy Trading Up 8.5%

The company’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $0.84. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 231.23 and a beta of 1.13.

Ceconomy (OTCMKTS:MTTRY) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 12.51% and a negative net margin of 0.03%.The company had revenue of $6.13 billion for the quarter.

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.