Ceconomy (OTCMKTS:MTTRY) Announces Quarterly Earnings Results

Ceconomy (OTCMKTS:MTTRY) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Zacks reports. Ceconomy had a positive return on equity of 12.47% and a negative net margin of 0.03%.The company had revenue of $6.13 billion for the quarter.

Ceconomy Stock Down 5.5%

Shares of MTTRY stock traded down $0.06 on Friday, hitting $0.94. The stock had a trading volume of 5,251 shares, compared to its average volume of 95,207. Ceconomy has a 52-week low of $0.56 and a 52-week high of $4.71. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.47 and a current ratio of 0.93. The stock’s 50 day moving average is $0.74 and its 200-day moving average is $0.86. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 236.84 and a beta of 1.17.

About Ceconomy

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.