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

Ceconomy (OTCMKTS:MTTRY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $0.9250, but opened at $0.8546. Ceconomy shares last traded at $0.8546, with a volume of 169 shares.

Ceconomy Trading Down 7.6%

The stock has a market capitalization of $2.07 billion, a P/E ratio of 214.19 and a beta of 1.13. The stock’s 50 day moving average price is $0.82 and its 200-day moving average price is $0.84. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 3.04.

Ceconomy (OTCMKTS:MTTRY) 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 during the quarter. Ceconomy had a negative net margin of 0.03% and a positive return on equity of 12.51%.

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.