Ceconomy (OTCMKTS:MTTRY) Shares Down 18.7% – Here’s Why

Ceconomy (OTCMKTS:MTTRY – Get Free Report)’s share price was down 18.7% during mid-day trading on Wednesday. The stock traded as low as $0.6370 and last traded at $0.7584. Approximately 1,373 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 20,804 shares. The stock had previously closed at $0.9328.

Ceconomy Price Performance

The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 18.96 and a beta of 1.11. 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 fifty day moving average is $0.82 and its two-hundred day moving average is $0.81.

Ceconomy (OTCMKTS:MTTRY – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (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 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.

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