Ceconomy (OTCMKTS:MTTRY) Trading Down 10.8% – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY) shares dropped 10.8% on Wednesday . The stock traded as low as $0.7266 and last traded at $0.7266. Approximately 576 shares traded hands during trading, a decline of 98% from the average session volume of 30,679 shares. The stock had previously closed at $0.8145.

Ceconomy Stock Down 7.0%

The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97. The firm’s 50 day simple moving average is $0.75 and its 200-day simple moving average is $0.86. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 201.33 and a beta of 1.12.

Ceconomy (OTCMKTS:MTTRY) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The company had revenue of $6.13 billion for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%.

About Ceconomy

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.