Ceconomy (OTCMKTS:MTTRY) Shares Down 18.7% – Here’s Why

Shares of Ceconomy (OTCMKTS:MTTRY) were down 18.7% on Wednesday. The company traded as low as $0.6370 and last traded at $0.7584. Approximately 1,373 shares were traded during trading, a decline of 93% from the average daily volume of 20,804 shares. The stock had previously closed at $0.9328.

Ceconomy Stock Down 11.3%

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46. The stock has a market capitalization of $1.84 billion, a P/E ratio of 190.08 and a beta of 1.11. The firm has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $0.81.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 12.51% and a negative net margin of 0.03%. The firm had revenue of $6.13 billion for the quarter.

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.