Central European Media Enterprises Ltd. (CETV) Trading Down 1.4%
Central European Media Enterprises Ltd. (NASDAQ:CETV)’s share price dropped 1.4% during trading on Friday . The company traded as low as $2.10 and last traded at $2.11, with a volume of 212,824 shares trading hands. The stock had previously closed at $2.14.
The company’s 50-day moving average price is $2.30 and its 200 day moving average price is $2.47. The company’s market capitalization is $289.46 million.
Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings data on Wednesday, April 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.11. The company had revenue of $129 million for the quarter, compared to analysts’ expectations of $126.10 million. Analysts predict that Central European Media Enterprises Ltd. will post ($0.22) EPS for the current year.
In other news, major shareholder Global Equity Master Fund Tcs bought 66,344 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was purchased at an average price of $2.56 per share, with a total value of $169,840.64. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel Penn sold 11,700 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $2.47, for a total transaction of $28,899.00. Following the transaction, the executive vice president now directly owns 110,178 shares of the company’s stock, valued at approximately $272,139.66. The disclosure for this sale can be found here.
Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It broadcasts around 33 television channels, which include BTV CINEMA, BTV COMEDY, RING.BG, NOVA WORLD and MINI TV, ACASA, PRO CINEMA, SPORT.RO, MTV ROMANIA, PRO TV INTERNATIONAL, PRO TV CHISINAU and BTV LADY, among others.
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