Ceconomy (OTCMKTS:MTTRY) Trading 12.5% Higher – Still a Buy?

Ceconomy (OTCMKTS:MTTRY)’s stock price traded up 12.5% during mid-day trading on Friday . The stock traded as high as $0.8895 and last traded at $0.8895. Approximately 317 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 36,457 shares. The stock had previously closed at $0.7910.

Ceconomy Trading Down 2.4%

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 business’s 50 day simple moving average is $0.75 and its 200 day simple moving average is $0.87. The stock has a market cap of $2.06 billion, a P/E ratio of -53.17 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.03) earnings per share for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 5.91%. The company had revenue of $6.40 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.