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

Ceconomy (OTCMKTS:MTTRY) shares gapped up prior to trading on Thursday . The stock had previously closed at $0.9350, but opened at $1.25. Ceconomy shares last traded at $1.25, with a volume of 11,667 shares traded.

Ceconomy Stock Performance

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 company’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $0.95. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 12.62 and a beta of 1.30.

Ceconomy (OTCMKTS:MTTRY) last posted its earnings results on Wednesday, February 11th. The company reported $0.09 EPS for the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 46.82%. The company had revenue of $8.85 billion during the quarter.

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.