Ceconomy (OTCMKTS:MTTRY) Shares Gap Up - Time to Buy?

Key Points

• Ceconomy shares experienced a significant increase, opening at $1.02 after previously closing at $0.89, marking a 14.7% rise.
• The company's latest earnings report showed a loss of ($0.05) earnings per share with a revenue of $5.45 billion for the quarter.
• Ceconomy has a market capitalization of $2.48 billion and reports a debt-to-equity ratio of 3.78, indicating potential financial risk.

Ceconomy (OTCMKTS:MTTRY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $0.89, but opened at $1.02. Ceconomy shares last traded at $1.02, with a volume of 1,066 shares changing hands.

Ceconomy Stock Up 14.7%

The stock has a fifty day moving average of $0.91 and a two-hundred day moving average of $0.76. 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 market cap of $2.48 billion, a price-to-earnings ratio of 14.58 and a beta of 1.30.

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

About Ceconomy

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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