Ceconomy (OTCMKTS:MTTRY) Shares Gap Up – Still a Buy?

Ceconomy (OTCMKTS:MTTRY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $0.7830, but opened at $0.9787. Ceconomy shares last traded at $0.9587, with a volume of 2,479 shares changing hands.

Ceconomy Stock Performance

The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 231.23 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 firm has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $0.84.

Ceconomy (OTCMKTS:MTTRY) last released its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. The firm 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%.

Ceconomy Company Profile

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.