Ceconomy (OTCMKTS:MTTRY) Shares Up 16.6% – Time to Buy?

Ceconomy (OTCMKTS:MTTRY)’s share price was up 16.6% during trading on Thursday . The company traded as high as $0.80 and last traded at $0.80. 225 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 28,675 shares. The stock had previously closed at $0.6864.

Ceconomy Stock Down 2.4%

The company has a market cap of $1.94 billion, a P/E ratio of 200.50 and a beta of 1.12. 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 firm has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.85.

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

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.