Ceconomy (OTCMKTS:MTTRY) Releases Quarterly Earnings Results

Ceconomy (OTCMKTS:MTTRY) issued its earnings results on Wednesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, Zacks reports. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The company had revenue of $6.40 billion for the quarter.

Ceconomy Stock Performance

Shares of MTTRY remained flat at $0.65 during midday trading on Thursday. Ceconomy has a twelve month low of $0.63 and a twelve month high of $1.25. The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -40.39 and a beta of 1.17. The stock has a fifty day simple moving average of $0.77 and a 200 day simple moving average of $0.88.

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.