Ceconomy (OTCMKTS:MTTRY) Trading Down 9.3% – Should You Sell?

Ceconomy (OTCMKTS:MTTRY)’s share price dropped 9.3% on Monday . The stock traded as low as $0.8251 and last traded at $0.8251. 1,837 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 23,123 shares. The stock had previously closed at $0.91.

Ceconomy Stock Up 3.6%

The stock’s fifty day simple moving average is $0.82 and its 200-day simple moving average is $0.83. The stock has a market cap of $2.07 billion, a P/E ratio of 214.29 and a beta of 1.13. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.46 and a current ratio of 0.90.

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

Ceconomy Company Profile

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.