Ceconomy (OTCMKTS:MTTRY) Announces Earnings Results

Ceconomy (OTCMKTS:MTTRY) released its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, Zacks reports. Ceconomy had a return on equity of 41.02% and a net margin of 0.54%.

Ceconomy Stock Performance

Shares of OTCMKTS:MTTRY opened at $1.00 on Thursday. The business has a fifty day moving average of $0.95 and a 200-day moving average of $0.95. 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 has a twelve month low of $0.56 and a twelve month high of $1.09. The firm has a market cap of $2.43 billion, a PE ratio of 16.67 and a beta of 1.32.

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.