Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Time to Sell?

Ceconomy (OTCMKTS:MTTRYGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $0.91, but opened at $0.8550. Ceconomy shares last traded at $0.8550, with a volume of 141 shares trading hands.

Ceconomy Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The company’s 50-day moving average is $0.82 and its 200-day moving average is $0.83. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 214.29 and a beta of 1.13.

Ceconomy (OTCMKTS:MTTRYGet Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.03) EPS for the quarter. The company 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

(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.

Further Reading

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