Central European Media Enterprises Ltd. (CETV) Shares Gap Up to $2.22
Central European Media Enterprises Ltd. (NASDAQ:CETV)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.20, but opened at $2.22. Central European Media Enterprises shares last traded at $2.28, with a volume of 107,392 shares changing hands.
The firm’s 50-day moving average is $2.22 and its 200-day moving average is $2.42. The stock’s market capitalization is $307.13 million.
Central European Media Enterprises (NASDAQ:CETV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.98) earnings per share (EPS) for the quarter. The business earned $175.20 million during the quarter, compared to analysts’ expectations of $166.80 million. On average, analysts anticipate that Central European Media Enterprises Ltd. will post ($0.70) earnings per share for the current year.
In related news, major shareholder Global Equity Master Fund Tcs purchased 479,674 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were bought at an average price of $2.44 per share, with a total value of $1,170,404.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Penn sold 11,700 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 110,178 shares in the company, valued at approximately $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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