Free Trial

Ceconomy (OTCMKTS:MTTRY) Stock Price Down 26.5% - Should You Sell?

Ceconomy logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • Stock plunged 26.5% intraday to $0.7419 with only ~259 shares changing hands (about 93% below average), and it now trades below its 50‑day and 200‑day moving averages (~$0.94–$0.95).
  • Fundamentals show a market cap of $1.80 billion and P/E of 8.83, but the company has high leverage (debt‑to‑equity 2.85) and weak liquidity (current ratio 0.94, quick ratio 0.57); latest quarter EPS was $0.09 on $8.85 billion revenue with a 0.71% net margin.
  • MarketBeat previews top five stocks to own in May.

Ceconomy (OTCMKTS:MTTRY - Get Free Report)'s stock price dropped 26.5% during mid-day trading on Friday . The company traded as low as $0.7419 and last traded at $0.7419. Approximately 259 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 3,544 shares. The stock had previously closed at $1.0097.

Ceconomy Trading Down 26.5%

The firm has a 50-day moving average of $0.94 and a 200 day moving average of $0.95. The company has a market cap of $1.80 billion, a P/E ratio of 8.83 and a beta of 1.30. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 2.85.

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

Ceconomy Company Profile

(Get Free Report)

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.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Click the link to see MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

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

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines