Ceconomy (OTCMKTS:MTTRY) Trading Up 12.5% – Here’s What Happened

Shares of Ceconomy (OTCMKTS:MTTRY) traded up 12.5% on Friday . The company traded as high as $0.8895 and last traded at $0.8895. Approximately 317 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 36,457 shares. The stock had previously closed at $0.7910.

Ceconomy Stock Up 0.8%

The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The business has a 50-day simple moving average of $0.75 and a 200-day simple moving average of $0.87. The stock has a market cap of $2.13 billion, a P/E ratio of -54.94 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.03) EPS for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%. The firm had revenue of $6.40 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.