Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – Time to Buy?

Ceconomy (OTCMKTS:MTTRY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $0.83, but opened at $1.01. Ceconomy shares last traded at $1.01, with a volume of 120 shares traded.

Ceconomy Price Performance

The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 11.07 and a beta of 1.30. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.46 and a current ratio of 0.94. The business has a 50 day moving average price of $0.95 and a 200-day moving average price of $0.96.

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