Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Here’s Why

Ceconomy (OTCMKTS:MTTRY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $0.9850, but opened at $0.93. Ceconomy shares last traded at $0.93, with a volume of 188 shares traded.

Ceconomy Trading Down 5.6%

The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 15.50 and a beta of 1.34. The company’s 50 day moving average is $0.95 and its 200 day moving average is $0.94. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.46 and a current ratio of 0.90.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings data on Wednesday, December 17th. The company reported $0.01 EPS for the quarter. The company had revenue of $6.37 billion during the quarter. Ceconomy had a net margin of 0.54% and a return on equity of 41.02%.

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.