Ceconomy (OTCMKTS:MTTRY) Stock Falls 13.3% – Here’s Why

Ceconomy (OTCMKTS:MTTRY)’s share price was down 13.3% during trading on Thursday. The stock traded as low as $0.7634 and last traded at $0.7634. 1,131 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 19,897 shares. The stock had previously closed at $0.88.

Ceconomy Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 191.33 and a beta of 1.11. The firm’s fifty day moving average price is $0.82 and its 200 day moving average price is $0.85.

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 12.51%. The firm had revenue of $6.13 billion during the quarter.

Ceconomy Company Profile

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.