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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.
  • Looking to Export and Analyze Ceconomy Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of 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 Up 4.5%

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 50-day moving average price of $0.75 and a two-hundred day moving average price of $0.68.

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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