Ceconomy (OTCMKTS:MTTRY) Shares Down 13% – Here’s What Happened

Ceconomy (OTCMKTS:MTTRY)’s share price dropped 13% during mid-day trading on Tuesday . The stock traded as low as $0.6813 and last traded at $0.6813. 355 shares were traded during mid-day trading, a decline of 99% from the average session volume of 23,838 shares. The stock had previously closed at $0.7830.

Ceconomy Stock Up 9.8%

The stock’s fifty day moving average is $0.81 and its 200 day moving average is $0.84. 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 company has a market capitalization of $2.09 billion, a P/E ratio of 215.54 and a beta of 1.13.

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

About Ceconomy

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of the MediaMarkt and Saturn brands. The company sells a broad range of products, including televisions, computers, smartphones, household appliances, cameras, gaming products, accessories and other technology-related goods.

Ceconomy operates through an omnichannel business model that combines physical retail stores with online sales platforms. In addition to product sales, its offerings include delivery, installation, repair, technical support, financing and other customer services designed to support consumers throughout the purchase and ownership process.

The company serves customers primarily across Europe, with operations in markets including Germany, Austria, Switzerland, Italy, Spain, Portugal, Poland, the Netherlands, Belgium, Luxembourg and Turkey.