Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $0.7563, but opened at $1.1267. Ceconomy shares last traded at $1.14, with a volume of 670 shares trading hands.

Ceconomy Stock Down 6.4%

The business has a fifty day moving average of $0.76 and a 200 day moving average of $0.88. 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 market cap of $1.99 billion, a P/E ratio of -51.25 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last posted its earnings results on Wednesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter. 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 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.