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

Shares of Ceconomy (OTCMKTS:MTTRY) gapped up before the market opened on Wednesday . The stock had previously closed at $0.7830, but opened at $0.9787. Ceconomy shares last traded at $0.9587, with a volume of 2,479 shares trading hands.

Ceconomy Stock 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 capitalization of $2.24 billion, a price-to-earnings ratio of 231.23 and a beta of 1.13. The stock’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.84.

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

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.