Ceconomy (OTCMKTS:MTTRY) Stock Price Down 11.8% – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY) was down 11.8% during mid-day trading on Friday . The company traded as low as $0.9350 and last traded at $0.9350. Approximately 1,056 shares traded hands during trading, a decline of 73% from the average daily volume of 3,898 shares. The stock had previously closed at $1.06.

Ceconomy Price Performance

The stock has a market capitalization of $2.27 billion, a PE ratio of 11.13 and a beta of 1.30. The firm’s fifty day moving average price is $0.95 and its two-hundred day moving average price is $0.95. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.87.

Ceconomy (OTCMKTS:MTTRY) last issued its earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $8.85 billion for the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 46.82%.

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.