Central European Media Enterprises Ltd. (CETV) Trading 7% Higher
Central European Media Enterprises Ltd. (NASDAQ:CETV) shares traded up 7% during trading on Thursday . The stock traded as high as $2.33 and last traded at $2.29, with a volume of 137,966 shares trading hands. The stock had previously closed at $2.14.
The company’s 50-day moving average is $2.28 and its 200-day moving average is $2.45. The stock’s market capitalization is $308.49 million.
Central European Media Enterprises (NASDAQ:CETV) last released its quarterly earnings results on Wednesday, April 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.11. The company earned $129 million during the quarter, compared to analysts’ expectations of $126.10 million. On average, analysts predict that Central European Media Enterprises Ltd. will post ($0.70) earnings per share for the current year.
In related news, major shareholder Global Equity Master Fund Tcs bought 479,674 shares of the stock in a transaction on Friday, May 27th. The shares were bought at an average cost of $2.44 per share, for a total transaction of $1,170,404.56. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel Penn sold 11,700 shares of Central European Media Enterprises stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $2.47, for a total value of $28,899.00. Following the completion of the transaction, the executive vice president now owns 110,178 shares in the company, valued at $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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