Ceconomy (OTCMKTS:MTTRY) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $0.85 and traded as high as $0.8792. Ceconomy shares last traded at $0.8792, with a volume of 1,064 shares traded.

Ceconomy Trading Down 2.2%

The company’s 50 day simple moving average is $0.82 and its 200-day simple moving average is $0.85. The firm has a market cap of $2.13 billion, a P/E ratio of 220.55 and a beta of 1.11. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

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

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.