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

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $0.82, but opened at $0.64. Ceconomy shares last traded at $0.6632, with a volume of 2,680 shares trading hands.

Ceconomy Price Performance

The company’s 50-day moving average price is $0.75 and its two-hundred day moving average price is $0.88. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47. The company has a market capitalization of $1.94 billion, a P/E ratio of -49.92 and a beta of 1.17.

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

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.