Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – What’s Next?

Ceconomy (OTCMKTS:MTTRY) gapped down prior to trading on Tuesday . The stock had previously closed at $0.8508, but opened at $0.7635. Ceconomy shares last traded at $0.7635, with a volume of 254 shares changing hands.

Ceconomy Trading Down 16.3%

The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47. The business’s fifty day simple moving average is $0.74 and its 200 day simple moving average is $0.87. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -41.88 and a beta of 1.17.

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

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.