Ceconomy (OTCMKTS:MTTRY) Stock Price Up 6.1% – Still a Buy?

Ceconomy (OTCMKTS:MTTRYGet Free Report) traded up 6.1% during mid-day trading on Friday . The stock traded as high as $0.91 and last traded at $0.91. Approximately 307 shares were traded during mid-day trading, a decline of 99% from the average session volume of 23,359 shares. The stock had previously closed at $0.8573.

Ceconomy Stock Performance

The business has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $0.84. The company has a market capitalization of $2.21 billion, a PE ratio of 228.07 and a beta of 1.13. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

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

Ceconomy Company Profile

(Get Free Report)

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.

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