Central European Media Enterprises Ltd. (CETV) Sees Strong Trading Volume
Central European Media Enterprises Ltd. (NASDAQ:CETV) shares saw strong trading volume on Friday . 108,048 shares were traded 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 firm’s market capitalization is $337.38 million. The company has a 50-day moving average of $2.27 and a 200 day moving average of $2.41.
Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings results on Tuesday, July 26th. The company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.90) by $0.08. The firm earned $175.20 million during 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 year.
In other news, major shareholder Global Equity Master Fund Tcs purchased 66,344 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was bought at an average price of $2.56 per share, for a total transaction of $169,840.64. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel Penn sold 11,700 shares of the stock in a transaction 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 transaction, the executive vice president now 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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