Ceconomy (OTCMKTS:MTTRY) Stock Price Up 12.7% – Should You Buy?

Ceconomy (OTCMKTS:MTTRY) shares shot up 12.7% during trading on Thursday . The company traded as high as $0.9385 and last traded at $0.9385. 3,351 shares traded hands during trading, a decline of 87% from the average daily volume of 25,399 shares. The stock had previously closed at $0.8330.

Ceconomy Stock Performance

The stock has a 50 day simple moving average of $0.80 and a two-hundred day simple moving average of $0.84. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.47. The company has a market cap of $2.22 billion, a PE ratio of 229.77 and a beta of 1.13.

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