Ceconomy (OTCMKTS:MTTRY) Stock Price Up 5.2% – Here’s Why

Ceconomy (OTCMKTS:MTTRY) was up 5.2% on Friday . The stock traded as high as $0.9640 and last traded at $0.9640. Approximately 2,000 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 3,912 shares. The stock had previously closed at $0.9165.

Ceconomy Stock Up 5.2%

The business’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $0.95. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 11.48 and a beta of 1.30. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 2.85.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $8.85 billion for the quarter. Ceconomy had a return on equity of 43.51% and a net margin of 0.71%.

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.