Ceconomy (OTCMKTS:MTTRY) Shares Down 13% – Here’s Why

Ceconomy (OTCMKTS:MTTRY)’s stock price dropped 13% during mid-day trading on Tuesday . The company traded as low as $0.6813 and last traded at $0.6813. 355 shares changed hands during trading, a decline of 99% from the average daily volume of 23,838 shares. The stock had previously closed at $0.7830.

Ceconomy Price Performance

The business has a fifty day moving average of $0.81 and a 200-day moving average of $0.84. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04. The firm has a market cap of $2.09 billion, a PE ratio of 215.54 and a beta of 1.13.

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