Ceconomy (OTCMKTS:MTTRY) Trading Down 25.4% – Should You Sell?

Ceconomy (OTCMKTS:MTTRY)’s share price was down 25.4% on Wednesday . The stock traded as low as $0.69 and last traded at $0.69. 901 shares were traded during trading, a decline of 96% from the average daily volume of 24,645 shares. The stock had previously closed at $0.9250.

Ceconomy Stock Performance

The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 172.93 and a beta of 1.13. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The company’s fifty day simple moving average is $0.82 and its 200 day simple moving average is $0.84.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data 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 firm had revenue of $6.13 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.