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

Ceconomy (OTCMKTS:MTTRY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $0.76, but opened at $0.9282. Ceconomy shares last traded at $0.9328, with a volume of 312 shares traded.

Ceconomy Stock Down 8.4%

The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46. The business’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $0.81. The company has a market capitalization of $2.07 billion, a PE ratio of 214.26 and a beta of 1.11.

Ceconomy (OTCMKTS:MTTRY) last posted its quarterly 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 during the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.51%.

Ceconomy Company Profile

Ceconomy AG is a Germany-based consumer electronics retailer and the parent company of MediaMarktSaturn, one of Europe’s largest specialist retail groups. Through the MediaMarkt and Saturn brands, the company sells consumer electronics, information technology products, telecommunications equipment, household appliances, entertainment products and related accessories.

Ceconomy serves customers through a combination of physical stores and e-commerce platforms. Its services include product delivery, installation, repair, technical support, financing and other solutions designed to complement the sale of electronic devices.