Ceconomy (OTCMKTS:MTTRY) Trading Down 25.4% – Here’s Why

Ceconomy (OTCMKTS:MTTRY) shares dropped 25.4% during mid-day trading on Wednesday . The company traded as low as $0.69 and last traded at $0.69. Approximately 901 shares were traded during trading, a decline of 96% from the average session volume of 24,645 shares. The stock had previously closed at $0.9250.

Ceconomy Stock Performance

The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 172.93 and a beta of 1.13. The company has a current ratio of 0.90, a quick ratio of 0.46 and a debt-to-equity ratio of 3.04. The stock has a fifty day moving average price of $0.82 and a 200 day moving average price of $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 business 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 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.