Ceconomy (ETR:CEC1) Stock Price Crosses Above 200-Day Moving Average of $0.00

Ceconomy AG (ETR:CEC1) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $5.30. Ceconomy shares last traded at $5.30, with a volume of 10,862 shares changing hands.

Several research analysts have recently weighed in on CEC1 shares. Baader Bank set a €6.00 ($6.98) price objective on shares of Ceconomy and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Kepler Capital Markets set a €6.20 ($7.21) target price on shares of Ceconomy and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Goldman Sachs Group set a €6.80 ($7.91) target price on shares of Ceconomy and gave the company a “neutral” rating in a report on Tuesday, May 21st. Barclays set a €5.50 ($6.40) target price on shares of Ceconomy and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a €4.50 ($5.23) target price on shares of Ceconomy and gave the company a “sell” rating in a report on Tuesday, May 21st. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Ceconomy presently has a consensus rating of “Hold” and an average target price of €5.35 ($6.22).

The stock has a market cap of $14.19 million and a price-to-earnings ratio of -15.59. The firm has a 50-day moving average of €5.04. The company has a debt-to-equity ratio of 55.21, a current ratio of 0.96 and a quick ratio of 0.52.

About Ceconomy (ETR:CEC1)

Ceconomy AG engages in the consumer electronics retail business. It operates multi-channel consumer electronics stores; and Juke, a music streaming service. The company also operates iBood, a live shopping portal; and Flip4New, an online service for selling used electronic devices online. In addition, it offers professional assistance, including installation, networking, and troubleshooting of electronic appliances under the Deutsche Technikberatung brand; and services for advertisers to develop online campaigns.

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