Ceconomy (OTCMKTS:MTTRY) Shares Down 26.5% – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY) shares traded down 26.5% during trading on Friday . The company traded as low as $0.7419 and last traded at $0.7419. 259 shares traded hands during trading, a decline of 93% from the average session volume of 3,544 shares. The stock had previously closed at $1.0097.

Ceconomy Price Performance

The company has a debt-to-equity ratio of 2.85, a current ratio of 0.94 and a quick ratio of 0.57. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.83 and a beta of 1.30. The company has a 50-day simple moving average of $0.93 and a two-hundred day simple moving average of $0.95.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $8.85 billion during the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 43.51%.

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.