Ceconomy (OTCMKTS:MTTRY) Reaches New 52-Week Low – Should You Sell?

Ceconomy (OTCMKTS:MTTRY) shares hit a new 52-week low on Monday . The stock traded as low as $0.5628 and last traded at $0.82, with a volume of 39792 shares trading hands. The stock had previously closed at $0.82.

Ceconomy Stock Performance

The business has a 50-day moving average price of $0.76 and a 200-day moving average price 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 capitalization of $1.88 billion, a price-to-earnings ratio of -48.51 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The business had revenue of $6.40 billion during 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.