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 stock 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 firm’s market capitalization is $334.53 million. The firm has a 50 day moving average of $2.30 and a 200-day moving average of $2.41.
Central European Media Enterprises (NASDAQ:CETV) last released its quarterly earnings results on Tuesday, July 26th. The company reported ($0.98) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by $0.08. The business had revenue of $175.20 million for the quarter, compared to analyst estimates of $166.80 million. On average, analysts anticipate that Central European Media Enterprises Ltd. will post ($0.80) EPS for the current fiscal year.
In other Central European Media Enterprises news, major shareholder Global Equity Master Fund Tcs purchased 66,344 shares of the firm’s stock in a transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Penn sold 11,700 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $2.47, for a total transaction of $28,899.00. Following the completion of the transaction, the executive vice president now owns 110,178 shares in the company, 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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