Central European Media Enterprises Ltd. (CETV) Sees Strong Trading Volume
Central European Media Enterprises Ltd. (NASDAQ:CETV) shares saw unusually-high trading volume on Friday . Approximately 161,386 shares were traded during mid-day trading, an increase of 75% from the previous session’s volume of 91,978 shares.The stock last traded at $2.42 and had previously closed at $2.37.
The stock has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.41. The firm’s market cap is $344.50 million.
Central European Media Enterprises (NASDAQ:CETV) last announced its 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 business earned $175.20 million during the quarter, compared to analysts’ expectations of $166.80 million. On average, equities research analysts predict that Central European Media Enterprises Ltd. will post ($0.80) earnings per share for the current year.
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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