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

Shares of Ceconomy (OTCMKTS:MTTRY) gapped down before the market opened on Tuesday . The stock had previously closed at $0.7912, but opened at $0.7331. Ceconomy shares last traded at $0.8275, with a volume of 6,686 shares traded.

Ceconomy Stock Performance

The stock has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.87. The stock has a market capitalization of $2.00 billion, a PE ratio of -51.41 and a beta of 1.17. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47.

Ceconomy (OTCMKTS:MTTRY) last released its earnings results on Wednesday, May 13th. The company reported ($0.03) EPS for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%. 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.