Ceconomy (OTCMKTS:MTTRY) Stock Price Down 12.6% – Should You Sell?

Ceconomy (OTCMKTS:MTTRY)’s stock price dropped 12.6% on Wednesday . The stock traded as low as $0.5802 and last traded at $0.6758. 10,600 shares changed hands during trading, a decline of 71% from the average daily volume of 36,149 shares. The stock had previously closed at $0.7730.

Ceconomy Stock Down 0.4%

The company has a market cap of $1.87 billion, a PE ratio of -48.12 and a beta of 1.17. 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 company’s fifty day moving average is $0.75 and its 200-day moving average is $0.87.

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

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.