Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Time to Sell?

Ceconomy (OTCMKTS:MTTRY) gapped down before the market opened on Monday . The stock had previously closed at $0.8546, but opened at $0.7830. Ceconomy shares last traded at $0.7830, with a volume of 167 shares changing hands.

Ceconomy Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The stock has a market cap of $1.90 billion, a P/E ratio of 196.24 and a beta of 1.13. The firm has a 50 day moving average price of $0.82 and a 200 day moving average price of $0.84.

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

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.