Ceconomy (OTCMKTS:MTTRY) Shares Climb 5.5% – Here’s Why

Ceconomy (OTCMKTS:MTTRY)’s share price rose 5.5% during trading on Thursday. The stock traded as high as $0.8950 and last traded at $0.80. Approximately 209 shares were traded during trading, a decline of 99% from the average session volume of 20,434 shares. The stock had previously closed at $0.7584.

Ceconomy Price Performance

The business has a 50 day simple moving average of $0.82 and a two-hundred day simple moving average of $0.81. The firm has a market capitalization of $1.94 billion, a P/E ratio of 200.50 and a beta of 1.11. 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 issued its quarterly 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 business had revenue of $6.13 billion for 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.