Central European Media Enterprises Ltd. (CETV) Trading Up 1.7%
Shares of Central European Media Enterprises Ltd. (NASDAQ:CETV) were up 1.7% on Thursday . The company traded as high as $2.45 and last traded at $2.40, with a volume of 76,305 shares traded. The stock had previously closed at $2.36.
The company has a 50-day moving average price of $2.30 and a 200 day moving average price of $2.41. The company’s market cap is $341.65 million.
Central European Media Enterprises (NASDAQ:CETV) last issued its quarterly earnings results on Tuesday, July 26th. The company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.90) by $0.08. The business earned $175.20 million during the quarter, compared to analyst estimates of $166.80 million. Equities analysts predict that Central European Media Enterprises Ltd. will post ($0.80) earnings per share for the current fiscal year.
In other Central European Media Enterprises news, EVP Daniel Penn sold 11,700 shares of the company’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $2.47, for a total value of $28,899.00. Following the completion of the sale, the executive vice president now owns 110,178 shares in the company, valued at $272,139.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Global Equity Master Fund Tcs purchased 66,344 shares of Central European Media Enterprises stock in a transaction on Thursday, June 2nd. The stock was bought at an average price of $2.56 per share, with a total value 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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