Ceconomy (OTCMKTS:MTTRY) Stock Price Down 14.1% – What’s Next?

Ceconomy (OTCMKTS:MTTRY)’s share price fell 14.1% during trading on Friday . The stock traded as low as $0.7044 and last traded at $0.7044. 841 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 34,088 shares. The stock had previously closed at $0.82.

Ceconomy Price Performance

The company has a 50-day moving average of $0.74 and a two-hundred day moving average of $0.87. The stock has a market capitalization of $1.92 billion, a PE ratio of -49.45 and a beta of 1.17. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.93 and a quick ratio of 0.47.

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

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.