Free Trial

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

Ceconomy logo with Consumer Discretionary background

Key Points

  • Ceconomy shares opened at $0.89, down from a previous close of $0.93, indicating a 4.6% decrease before market opening.
  • The company reported a net margin of 0.71% and earnings per share (EPS) of ($0.05) during their last quarterly earnings release.
  • Ceconomy has a market capitalization of $2.16 billion and operates stores under the MediaMarkt and Saturn brands, specializing in consumer electronics retail.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of CECONOMY (OTCMKTS:MTTRY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $0.93, but opened at $0.89. CECONOMY shares last traded at $0.89, with a volume of 108 shares.

CECONOMY Trading Down 4.6%

The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 3.78. The stock has a 50 day moving average of $0.91 and a 200-day moving average of $0.76.

CECONOMY (OTCMKTS:MTTRY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.05) EPS for the quarter. CECONOMY had a return on equity of 38.36% and a net margin of 0.71%.The company had revenue of $5.45 billion during the quarter.

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.

See Also

Should You Invest $1,000 in CECONOMY Right Now?

Before you consider CECONOMY, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CECONOMY wasn't on the list.

While CECONOMY currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.