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

Key Points

• Shares gapped up premarket — the stock jumped from a prior close of $0.9350 to an open of $1.25 and last traded at $1.25 on a volume of 11,667 shares.
• Ceconomy reported quarterly EPS of $0.09 on $8.85 billion in revenue, with a net margin of 0.71% and a return on equity of 46.82%.
• The company has a market capitalization of $2.57 billion and a P/E of 12.62, but carries high leverage (debt-to-equity 3.87) and weak liquidity (quick ratio 0.46, current ratio 0.90).

Shares of Ceconomy (OTCMKTS:MTTRY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $0.9350, but opened at $1.25. Ceconomy shares last traded at $1.25, with a volume of 11,667 shares changing hands.

Ceconomy Stock Performance

The stock's 50 day moving average price is $0.94 and its 200 day moving average price is $0.95. The company has a market capitalization of $2.57 billion, a P/E ratio of 12.62 and a beta of 1.30. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.46 and a current ratio of 0.90.

Ceconomy (OTCMKTS:MTTRY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.09 EPS for the quarter. Ceconomy had a net margin of 0.71% and a return on equity of 46.82%. The business had revenue of $8.85 billion for the quarter.

Ceconomy Company Profile

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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