Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Should You Sell?

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $0.93, but opened at $0.71. Ceconomy shares last traded at $0.71, with a volume of 100 shares traded.

Ceconomy Stock Down 26.0%

The firm has a 50 day simple moving average of $0.95 and a two-hundred day simple moving average of $0.95. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 11.84 and a beta of 1.32. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.90 and a quick ratio of 0.46.

Ceconomy (OTCMKTS:MTTRY) last posted its earnings results on Wednesday, December 17th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $6.37 billion for the quarter. Ceconomy had a return on equity of 41.02% and a net margin of 0.54%.

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.