Ceconomy (OTCMKTS:MTTRY) Sets New 1-Year Low – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.6337 and last traded at $0.6337, with a volume of 115 shares changing hands. The stock had previously closed at $0.6463.

Ceconomy Stock Performance

The company has a market cap of $1.83 billion, a P/E ratio of -47.27 and a beta of 1.16. The company’s fifty day moving average is $0.76 and its 200 day moving average is $0.88. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97.

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

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.