Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Time to Sell?

Ceconomy (OTCMKTS:MTTRY) shares gapped down before the market opened on Thursday . The stock had previously closed at $0.80, but opened at $0.6698. Ceconomy shares last traded at $0.6698, with a volume of 2,000 shares trading hands.

Ceconomy Trading Down 16.3%

The firm has a market capitalization of $1.63 billion, a P/E ratio of 167.87 and a beta of 1.12. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.85. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last announced its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%. The company had revenue of $6.13 billion during the quarter.

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.