Ceconomy (OTCMKTS:MTTRY) Shares Gap Down – Should You Sell?

Shares of Ceconomy (OTCMKTS:MTTRY) gapped down before the market opened on Friday . The stock had previously closed at $0.9099, but opened at $0.6679. Ceconomy shares last traded at $0.6679, with a volume of 100 shares.

Ceconomy Price Performance

The stock’s 50-day moving average is $0.89 and its 200-day moving average is $0.93. The firm has a market cap of $1.62 billion, a P/E ratio of -41.74 and a beta of 1.29. The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 2.85.

Ceconomy (OTCMKTS:MTTRY) last announced its earnings results on Wednesday, May 13th. The company reported $999.00 earnings per share (EPS) for the quarter. Ceconomy had a negative net margin of 0.23% and a positive return on equity of 6.21%. The business had revenue of $6.40 billion for 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.