Ceconomy (OTCMKTS:MTTRY) Stock Price Up 11.1% – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s stock price traded up 11.1% on Thursday . The stock traded as high as $1.00 and last traded at $1.00. 2,012 shares traded hands during trading, a decline of 34% from the average session volume of 3,071 shares. The stock had previously closed at $0.90.

Ceconomy Price Performance

The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.62 and a beta of 1.32. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.87. The stock has a 50-day simple moving average of $0.94 and a 200 day simple moving average of $0.94.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.09 EPS for the quarter. The firm had revenue of $8.85 billion for the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 46.82%.

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.