Ceconomy (OTCMKTS:MTTRY) Trading Up 13% – Still a Buy?

Ceconomy (OTCMKTS:MTTRY) shot up 13% on Wednesday . The stock traded as high as $0.9150 and last traded at $0.9150. Approximately 2,732 shares were traded during trading, a decline of 92% from the average session volume of 32,703 shares. The stock had previously closed at $0.81.

Ceconomy Trading Up 0.5%

The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -57.19 and a beta of 1.17. The business has a 50 day simple moving average of $0.73 and a 200-day simple moving average of $0.86.

Ceconomy (OTCMKTS:MTTRY) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The company had revenue of $6.40 billion for the quarter.

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.