Ceconomy (OTCMKTS:MTTRY) Stock Price Down 13.3% – Here’s What Happened

Shares of Ceconomy (OTCMKTS:MTTRY) fell 13.3% during mid-day trading on Thursday. The company traded as low as $0.7634 and last traded at $0.7634. Approximately 1,131 shares changed hands during trading, a decline of 94% from the average session volume of 19,897 shares. The stock had previously closed at $0.88.

Ceconomy Price Performance

The company’s 50 day moving average price is $0.83 and its 200-day moving average price is $0.85. 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 $2.13 billion, a P/E ratio of 220.35 and a beta of 1.11.

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

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.