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

Ceconomy logo with Consumer Discretionary background

Key Points

  • Ceconomy shares gapped down significantly from a previous close of $0.93 to open at $0.68, later trading at $0.88 with a volume of 4,890 shares.
  • The company's market capitalization is approximately $2.12 billion, with a PE ratio of 17.50 and a high debt-to-equity ratio of 3.18.
  • Ceconomy AG operates in the consumer electronics retail sector, primarily under the MediaMarkt and Saturn brands, offering installation and troubleshooting support for electronic devices.
  • Five stocks we like better than CECONOMY.

Ceconomy (OTCMKTS:MTTRY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $0.93, but opened at $0.68. Ceconomy shares last traded at $0.88, with a volume of 4,890 shares changing hands.

Ceconomy Trading Down 12.0%

The firm's 50 day moving average price is $0.77 and its two-hundred day moving average price is $0.69. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.46 and a current ratio of 0.93.

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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