Ceconomy (OTCMKTS:MTTRY) Shares Down 27.5% – Time to Sell?

Ceconomy (OTCMKTS:MTTRY) shares were down 27.5% during mid-day trading on Thursday . The stock traded as low as $0.64 and last traded at $0.64. Approximately 9,538 shares traded hands during trading, a decline of 70% from the average session volume of 31,835 shares. The stock had previously closed at $0.8826.

Ceconomy Stock Performance

The stock has a 50-day moving average of $0.74 and a 200 day moving average of $0.86. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 236.84 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last released its earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $6.13 billion for the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.47%.

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.