Central European Media Enterprises Ltd. (CETV) Sees Unusually-High Trading Volume
Central European Media Enterprises Ltd. (NASDAQ:CETV) saw unusually-strong trading volume on Friday . Approximately 108,048 shares changed hands during trading, a decline of 10% from the previous session’s volume of 119,694 shares.The stock last traded at $2.36 and had previously closed at $2.38.
The company’s 50-day moving average is $2.27 and its 200-day moving average is $2.41. The company’s market cap is $337.38 million.
Central European Media Enterprises (NASDAQ:CETV) last released its quarterly 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 firm had revenue of $175.20 million for the quarter, compared to analyst estimates of $166.80 million. On average, equities analysts predict that Central European Media Enterprises Ltd. will post ($0.80) earnings per share for the current year.
In other Central European Media Enterprises news, EVP Daniel Penn sold 11,700 shares of the firm’s 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 transaction, the executive vice president now directly owns 110,178 shares of the company’s stock, valued at $272,139.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Global Equity Master Fund Tcs acquired 66,344 shares of Central European Media Enterprises stock in a transaction on Thursday, June 2nd. The stock was 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.
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