Central European Media Enterprises Ltd. (CETV) Shares Down 1.4%
Central European Media Enterprises Ltd. (NASDAQ:CETV) dropped 1.4% during trading on Friday . The stock traded as low as $2.10 and last traded at $2.11, with a volume of 212,824 shares changing hands. The stock had previously closed at $2.14.
The company’s 50 day moving average is $2.29 and its 200-day moving average is $2.46. The firm’s market cap is $289.46 million.
Central European Media Enterprises (NASDAQ:CETV) last issued its earnings results on Wednesday, April 27th. The company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. The business earned $129 million during the quarter, compared to analyst estimates of $126.10 million. Equities analysts predict that Central European Media Enterprises Ltd. will post ($0.70) EPS for the current fiscal year.
In other news, EVP Daniel Penn sold 11,700 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 110,178 shares of the company’s stock, valued at approximately $272,139.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Global Equity Master Fund Tcs purchased 71,911 shares of Central European Media Enterprises stock in a transaction dated Monday, May 2nd. The stock was bought at an average cost of $2.78 per share, with a total value of $199,912.58. The disclosure for this purchase can be found here.
Central European Media Enterprises Ltd. is a media and entertainment company. The Company manages its business in six operating segments: Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. It broadcasts around 33 television channels, which include BTV CINEMA, BTV COMEDY, RING.BG, NOVA WORLD and MINI TV, ACASA, PRO CINEMA, SPORT.RO, MTV ROMANIA, PRO TV INTERNATIONAL, PRO TV CHISINAU and BTV LADY, among others.
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