Central European Media Enterprises Ltd. (CETV) Stock Price Up 1.8%
Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) rose 1.8% during mid-day trading on Monday . The stock traded as high as $2.25 and last traded at $2.24, with a volume of 58,301 shares changing hands. The stock had previously closed at $2.20.
The company’s market cap is $301.70 million. The stock’s 50 day moving average is $2.23 and its 200 day moving average is $2.43.
Central European Media Enterprises (NASDAQ:CETV) last posted its earnings results on Wednesday, April 27th. The company reported ($0.31) earnings per share 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 analysts forecast that Central European Media Enterprises Ltd. will post ($0.70) earnings per share for the current fiscal year.
In other Central European Media Enterprises news, major shareholder Global Equity Master Fund Tcs bought 71,911 shares of Central European Media Enterprises stock in a transaction that occurred on Monday, May 2nd. The shares were acquired at an average price of $2.78 per share, for a total transaction of $199,912.58. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel Penn sold 11,700 shares of Central European Media Enterprises stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $2.47, for a total transaction 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 disclosure for this sale can be found here.
Central European Media Enterprises Ltd. (CME Ltd.) is a media and entertainment company operating in Central and Eastern Europe. The Company’s assets are held through a series of Dutch and Curacao holding companies. The Company manages its business on a geographical basis, with six segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia.
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