Central European Media Enterprises Ltd. (CETV) Trading 1.8% Higher
Central European Media Enterprises Ltd. (NASDAQ:CETV)’s share price traded up 1.8% during trading on Monday . The company traded as high as $2.25 and last traded at $2.24, with a volume of 58,301 shares traded. The stock had previously closed at $2.20.
The company has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.42. The stock’s market cap is $311.21 million.
Central European Media Enterprises (NASDAQ:CETV) last released its earnings results on Tuesday, July 26th. The company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.90) by $0.08. The company earned $175.20 million during the quarter, compared to analyst estimates of $166.80 million. Analysts expect that Central European Media Enterprises Ltd. will post ($0.70) EPS for the current fiscal year.
In other Central European Media Enterprises news, major shareholder Global Equity Master Fund Tcs bought 479,674 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was acquired at an average price of $2.44 per share, with a total value of $1,170,404.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Penn sold 11,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $2.47, for a total value of $28,899.00. Following the sale, 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. (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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