Central European Media Enterprises Ltd. (NASDAQ:CETV)’s share price fell 5.2% during trading on Monday . The stock traded as low as $4.38 and last traded at $4.41, 21,532,777 shares changed hands during mid-day trading. An increase of 4,611% from the average session volume of 457,063 shares. The stock had previously closed at $4.65.
Several research firms have recently commented on CETV. BidaskClub downgraded Central European Media Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine downgraded Central European Media Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.
The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 13.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a 50-day moving average of $4.57 and a 200-day moving average of $4.30.
Large investors have recently modified their holdings of the stock. Bessemer Group Inc. acquired a new stake in shares of Central European Media Enterprises in the 2nd quarter valued at $32,000. Bank of Montreal Can boosted its holdings in shares of Central European Media Enterprises by 338.0% in the 2nd quarter. Bank of Montreal Can now owns 9,776 shares of the company’s stock valued at $43,000 after purchasing an additional 7,544 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Central European Media Enterprises in the 2nd quarter valued at $46,000. A.R.T. Advisors LLC acquired a new stake in shares of Central European Media Enterprises in the 2nd quarter valued at $96,000. Finally, Bailard Inc. bought a new position in shares of Central European Media Enterprises in the 3rd quarter valued at $151,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.
About Central European Media Enterprises (NASDAQ:CETV)
Central European Media Enterprises Ltd. operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. It broadcasts a total of 31 television channels, including general entertainment and other channels. The company also develops and produces content for television channels; and provides television content through various portals, including Voyo, a subscription video-on-demand service, and advertising supported catch-up services on its Websites, as well as operates a portfolio of digital media products that complement its news programming and other television station-related brands.
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