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

Shares of Ceconomy (OTCMKTS:MTTRY) gapped up before the market opened on Tuesday. The stock had previously closed at $0.8474, but opened at $0.9274. Ceconomy shares last traded at $0.9274, with a volume of 554 shares changing hands.

Ceconomy Stock Down 13.3%

The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.46 and a current ratio of 0.90. The firm has a market capitalization of $1.78 billion, a PE ratio of 184.14 and a beta of 1.13. The company’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $0.83.

Ceconomy (OTCMKTS:MTTRY) last posted its earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The business had revenue of $6.13 billion for the quarter. Ceconomy had a positive return on equity of 12.51% and a negative net margin of 0.03%.

Ceconomy Company Profile

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.