Ceconomy (OTCMKTS:MTTRY) Reaches New 1-Year Low – What’s Next?

Shares of Ceconomy (OTCMKTS:MTTRY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.5628 and last traded at $0.82, with a volume of 39792 shares. The stock had previously closed at $0.82.

Ceconomy Stock Down 5.3%

The company has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $0.88. The company has a market cap of $1.88 billion, a P/E ratio of -48.51 and a beta of 1.17. The company has a current ratio of 0.93, a quick ratio of 0.47 and a debt-to-equity ratio of 2.97.

Ceconomy (OTCMKTS:MTTRY) last released its earnings results on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a positive return on equity of 5.91% and a negative net margin of 0.23%.The business had revenue of $6.40 billion for the quarter.

Ceconomy Company Profile

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.