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

Key Points

• Ceconomy shares gapped down about 5.0%, opening at $0.9099 after a prior close of $0.9574, with roughly 1,017 shares traded.
• The company has a market capitalization of $2.21 billion and a P/E of 10.83, but shows high leverage (debt-to-equity 2.85) and weak liquidity (quick ratio 0.57, current ratio 0.94).
• In its most recent quarter Ceconomy reported $0.09 EPS on $8.85 billion in revenue, with a low net margin of 0.71% alongside a high return on equity of 43.51%.

Ceconomy (OTCMKTS:MTTRY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $0.9574, but opened at $0.9099. Ceconomy shares last traded at $0.9099, with a volume of 1,017 shares traded.

Ceconomy Stock Down 5.0%

The company has a quick ratio of 0.57, a current ratio of 0.94 and a debt-to-equity ratio of 2.85. The stock has a 50-day simple moving average of $0.95 and a 200-day simple moving average of $0.95. The firm has a market capitalization of $2.21 billion, a PE ratio of 10.83 and a beta of 1.34.

Ceconomy (OTCMKTS:MTTRY - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.09 earnings per share (EPS) for the quarter. Ceconomy had a return on equity of 43.51% and a net margin of 0.71%.The business had revenue of $8.85 billion during 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.

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