Ceconomy (OTCMKTS:MTTRY) Trading Up 13% – Still a Buy?

Ceconomy (OTCMKTS:MTTRY) shot up 13% on Wednesday . The stock traded as high as $0.9150 and last traded at $0.9150. 2,732 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 32,703 shares. The stock had previously closed at $0.81.

Ceconomy Stock Up 0.5%

The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -57.19 and a beta of 1.17. The firm has a 50-day moving average of $0.73 and a 200 day moving average of $0.86. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share (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.

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.