Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – Here’s Why

Ceconomy (OTCMKTS:MTTRY) gapped up before the market opened on Thursday . The stock had previously closed at $0.7563, but opened at $1.1267. Ceconomy shares last traded at $1.14, with a volume of 670 shares.

Ceconomy Stock Performance

The firm’s fifty day simple moving average is $0.76 and its 200 day simple moving average is $0.88. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -64.69 and a beta of 1.17. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47.

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

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.