Ceconomy (OTCMKTS:MTTRY) Reaches New 1-Year High – Still a Buy?

Ceconomy (OTCMKTS:MTTRY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $1.26 and last traded at $1.26, with a volume of 2771 shares traded. The stock had previously closed at $0.6463.

Ceconomy Stock Performance

The company has a quick ratio of 0.47, a current ratio of 0.93 and a debt-to-equity ratio of 2.97. The company has a 50 day moving average of $0.77 and a 200 day moving average of $0.88. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -78.75 and a beta of 1.17.

Ceconomy (OTCMKTS:MTTRY) last issued 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.