Central European Media Enterprises Ltd. (CETV) Sees Strong Trading Volume
Central European Media Enterprises Ltd. (NASDAQ:CETV) saw an uptick in trading volume on Tuesday . 549,887 shares were traded during mid-day trading, an increase of 104% from the previous session’s volume of 269,393 shares.The stock last traded at $2.10 and had previously closed at $2.13.
The stock’s market cap is $290.82 million. The firm’s 50-day moving average is $2.28 and its 200-day moving average is $2.45.
Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. The company earned $129 million during the quarter, compared to analysts’ expectations of $126.10 million. Analysts expect that Central European Media Enterprises Ltd. will post ($0.70) EPS for the current year.
In related news, EVP Daniel Penn sold 11,700 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $2.47, for a total value of $28,899.00. Following the transaction, the executive vice president now owns 110,178 shares in the company, valued at approximately $272,139.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Equity Master Fund Tcs purchased 71,911 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was bought at an average price of $2.78 per share, for a total transaction of $199,912.58. The disclosure for this purchase 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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