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

by · The Markets Daily

Shares of Ceconomy (OTCMKTS:MTTRY – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $0.8080, but opened at $0.86. Ceconomy shares last traded at $0.86, with a volume of 637 shares trading hands.

Ceconomy Trading Up 7.5%

The business’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.85. The firm has a market capitalization of $2.09 billion, a PE ratio of 215.54 and a beta of 1.12. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47.

Ceconomy (OTCMKTS:MTTRY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The business 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 12.47%.

About Ceconomy

(Get Free Report)

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.

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