Ceconomy (OTCMKTS:MTGGY) Trading 1.3% Higher – Still a Buy?

Ceconomy AG (OTCMKTS:MTGGY)’s share price traded up 1.3% during mid-day trading on Wednesday . The company traded as high as $6.00 and last traded at $6.00. 1,500 shares were traded during trading, an increase of 36% from the average session volume of 1,103 shares. The stock had previously closed at $5.92.

Ceconomy Stock Up 1.3%

The firm’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $6.00.

Ceconomy Company Profile

Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online. In addition, the company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.