Ceconomy (OTCMKTS:MTTRY) Trading Up 6.4% – Should You Buy?

Ceconomy (OTCMKTS:MTTRY) shares shot up 6.4% during trading on Friday . The stock traded as high as $0.8510 and last traded at $0.8510. Approximately 278 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 25,808 shares. The stock had previously closed at $0.80.

Ceconomy Price Performance

The stock has a fifty day moving average of $0.79 and a two-hundred day moving average of $0.84. 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 stock has a market cap of $2.06 billion, a price-to-earnings ratio of 213.28 and a beta of 1.12.

Ceconomy (OTCMKTS:MTTRY) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $6.13 billion for the quarter. Ceconomy had a positive return on equity of 12.47% and a negative net margin of 0.03%.

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.