Ceconomy (OTCMKTS:MTTRY) Shares Down 8.3% - Here's Why

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.

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

Analysts Set New Price Targets

Separately, BNP Paribas upgraded Ceconomy from a "neutral" rating to a "strong-buy" rating in a research report on Tuesday, April 1st.

Ceconomy Price Performance

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 firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.96 and a beta of 1.41. The stock has a 50-day moving average of $0.71 and a two-hundred day moving average of $0.66.

Ceconomy Company Profile

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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