Ceconomy (OTCMKTS:MTTRY) Stock Price Down 14% – Here’s Why

Ceconomy AG (OTCMKTS:MTTRYGet Free Report) was down 14% during mid-day trading on Wednesday . The company traded as low as $0.48 and last traded at $0.51. Approximately 7,421 shares traded hands during trading, an increase of 13% from the average daily volume of 6,568 shares. The stock had previously closed at $0.59.

Ceconomy Trading Down 14.0 %

The company has a quick ratio of 0.44, a current ratio of 0.90 and a debt-to-equity ratio of 3.88. The company’s 50-day moving average is $0.60 and its 200 day moving average is $0.58. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 10.20 and a beta of 1.67.

About Ceconomy

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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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