Central European Media Enterprises Ltd. (CETV) Trading Up 7%
Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) were up 7% 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 firm’s market cap is $313.93 million. The firm’s 50 day moving average is $2.27 and its 200 day moving average is $2.45.
Central European Media Enterprises (NASDAQ:CETV) last announced its earnings results on Wednesday, April 27th. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. The company had revenue of $129 million for the quarter, compared to analyst estimates of $126.10 million. Equities research analysts anticipate that Central European Media Enterprises Ltd. will post ($0.70) earnings per share for the current year.
In other news, major shareholder Global Equity Master Fund Tcs purchased 479,674 shares of the company’s stock in a transaction on Friday, May 27th. The shares were purchased at an average cost of $2.44 per share, with a total value of $1,170,404.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Penn sold 11,700 shares of the company’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 sale, the executive vice president now directly 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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