Central European Media Enterprises Ltd. (CETV) Sees Unusually-High Trading Volume
Central European Media Enterprises Ltd. (NASDAQ:CETV) shares saw unusually-high trading volume on Tuesday . Approximately 549,887 shares changed hands during mid-day trading, an increase of 104% from the previous session’s volume of 269,393 shares.The stock last traded at $2.10 and had previously closed at $2.13.
The firm has a 50-day moving average price of $2.28 and a 200 day moving average price of $2.45. The stock’s market capitalization is $315.29 million.
Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings data on Wednesday, April 27th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.11. The firm had revenue of $129 million for the quarter, compared to analyst estimates of $126.10 million. Analysts expect that Central European Media Enterprises Ltd. will post ($0.70) EPS for the current year.
In related news, EVP Daniel Penn sold 11,700 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were 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 directly owns 110,178 shares in the company, valued at $272,139.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Global Equity Master Fund Tcs bought 479,674 shares of the stock in a transaction that occurred on Friday, May 27th. The stock was bought at an average price of $2.44 per share, with a total value of $1,170,404.56. 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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