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

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $0.93, but opened at $0.71. Ceconomy shares last traded at $0.71, with a volume of 100 shares trading hands.

Ceconomy Stock Performance

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 15.09 and a beta of 1.32. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.90 and a quick ratio of 0.46. The firm has a fifty day simple moving average of $0.95 and a two-hundred day simple moving average of $0.95.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data on Wednesday, December 17th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $6.37 billion for the quarter. Ceconomy had a net margin of 0.54% and a return on equity of 41.02%.

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.