Ceconomy (OTCMKTS:MTTRY) Sees Strong Trading Volume – Time to Buy?

Ceconomy (OTCMKTS:MTTRY) shares saw an uptick in trading volume on Thursday . 1,220 shares were traded during mid-day trading, an increase of 442% from the previous session’s volume of 225 shares.The stock last traded at $0.9552 and had previously closed at $0.9575.

Ceconomy Trading Up 1.0%

The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.59 and a beta of 1.34. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.87. The firm’s 50 day moving average is $0.95 and its 200 day moving average is $0.94.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $0.01 earnings per share (EPS) for the quarter. Ceconomy had a return on equity of 41.02% and a net margin of 0.54%.The company had revenue of $6.37 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.