Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Here’s Why

Ceconomy (OTCMKTS:MTTRY) shares gapped down prior to trading on Thursday . The stock had previously closed at $0.80, but opened at $0.6698. Ceconomy shares last traded at $0.6698, with a volume of 2,000 shares trading hands.

Ceconomy Stock Down 1.5%

The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.47 and a current ratio of 0.93. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 202.51 and a beta of 1.12. The firm’s 50-day simple moving average is $0.78 and its 200-day simple moving average is $0.85.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%. The business had revenue of $6.13 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.