Central European Media Enterprises Ltd. (CETV) Stock Price Down 1.3%
Central European Media Enterprises Ltd. (NASDAQ:CETV) traded down 1.3% on Thursday . The stock traded as low as $2.34 and last traded at $2.35, with a volume of 70,057 shares changing hands. The stock had previously closed at $2.38.
The company’s market capitalization is $338.80 million. The firm’s 50 day moving average is $2.26 and its 200-day moving average is $2.41.
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 Thomson Reuters’ consensus estimate of ($0.90) by $0.08. The company had revenue of $175.20 million for the quarter, compared to the consensus estimate of $166.80 million. On average, analysts predict that Central European Media Enterprises Ltd. will post ($0.80) EPS for the current year.
In related news, EVP Daniel Penn sold 11,700 shares of the 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 of the company’s stock, valued at approximately $272,139.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Global Equity Master Fund Tcs bought 66,344 shares of Central European Media Enterprises stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average cost of $2.56 per share, for a total transaction of $169,840.64. The disclosure for this purchase 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.