Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Time to Sell?
by Danessa Lincoln · The Markets DailyCeconomy (OTCMKTS:MTTRY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $0.8546, but opened at $0.7830. Ceconomy shares last traded at $0.7830, with a volume of 167 shares traded.
Ceconomy Trading Up 8.6%
The company has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $0.84. The company has a market capitalization of $2.06 billion, a P/E ratio of 213.13 and a beta of 1.13. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.46.
Ceconomy (OTCMKTS:MTTRY – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter. The company 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 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.