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Ceconomy (OTCMKTS:MTTRY) Stock Price Down 8.3% - Should You Sell?

Ceconomy logo with Consumer Discretionary background

Key Points

  • Shares of Ceconomy fell by 8.3% on Monday, trading at $0.90, amid a significant drop in volume of about 60% from its average.
  • Analysts at BNP Paribas upgraded Ceconomy from a "neutral" rating to a "strong-buy" rating, indicating a potential positive outlook for the stock.
  • The company has a market cap of $2.18 billion and notable financial ratios, including a high debt-to-equity ratio of 3.18.
  • Want stock alerts on CECONOMY? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ceconomy (OTCMKTS:MTTRY - Get Free Report) shares traded down 8.3% during trading on Monday . The company traded as low as $0.90 and last traded at $0.90. 1,581 shares traded hands during trading, a decline of 60% from the average session volume of 3,907 shares. The stock had previously closed at $0.98.

Ceconomy Trading Down 5.9%

The company has a current ratio of 0.93, a quick ratio of 0.46 and a debt-to-equity ratio of 3.18. The business has a fifty day moving average price of $0.73 and a 200 day moving average price of $0.67.

About Ceconomy

(Get Free Report)

Ceconomy AG, together with its subsidiaries, engages in the consumer electronics retail business. It operates stores under the MediaMarkt and Saturn brands. The company offers professional assistance for the installation, connection, and troubleshooting of electronic devices at home under the Deutsche Technikberatung brand.

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