Central European Media Enterprises Ltd. (CETV) Stock Price Down 1.3%
Central European Media Enterprises Ltd. (NASDAQ:CETV) dropped 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 stock’s market capitalization is $337.38 million. The firm’s 50 day moving average is $2.27 and its 200 day moving average is $2.41.
Central European Media Enterprises (NASDAQ:CETV) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.90) by $0.08. The business had revenue of $175.20 million for the quarter, compared to the consensus estimate of $166.80 million. On average, analysts forecast that Central European Media Enterprises Ltd. will post ($0.80) EPS for the current fiscal year.
In related news, major shareholder Global Equity Master Fund Tcs acquired 479,674 shares of the stock in a transaction on Friday, May 27th. The stock was bought at an average cost of $2.44 per share, with a total value of $1,170,404.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel Penn sold 11,700 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $2.47, for a total transaction of $28,899.00. Following the completion of the sale, the executive vice president now directly owns 110,178 shares of the company’s stock, valued at $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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