Ceconomy (OTCMKTS:MTTRY) Shares Down 14.1% – What’s Next?

Ceconomy (OTCMKTS:MTTRY) shares dropped 14.1% during mid-day trading on Friday . The stock traded as low as $0.7044 and last traded at $0.7044. 841 shares were traded during trading, a decline of 98% from the average daily volume of 34,088 shares. The stock had previously closed at $0.82.

Ceconomy Price Performance

The stock has a 50 day moving average of $0.74 and a two-hundred day moving average of $0.87. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.47 and a current ratio of 0.93. The firm has a market capitalization of $1.71 billion, a P/E ratio of -44.02 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last posted its earnings results on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. The company 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.