Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Should You Sell?

Ceconomy (OTCMKTS:MTTRY) gapped down before the market opened on Wednesday. The stock had previously closed at $0.8474, but opened at $0.8120. Ceconomy shares last traded at $0.8120, with a volume of 507 shares changing hands.

Ceconomy Trading Up 7.3%

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 firm has a market cap of $1.97 billion, a price-to-earnings ratio of 203.03 and a beta of 1.13. The company has a fifty day moving average price of $0.82 and a 200-day moving average price of $0.83.

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