Central European Media Enterprises Ltd. (CETV) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of CETV have climbed 4.08% about 30 minutes into the session to $2.33 after closing the day prior at $2.24. It’s early, but the stock has traded as high as $2.35 and as low as $2.31 so far. Today’s quick advance has come with about 40,605 shares changing hands, compared to an average 30-day volume of 81,189 for Central European Media Enterprises Ltd.. The price is currently below the 30-day volume weighted average price of $2.33 for CETV.
The share appreciation gives the company a market capitalization of $318.88 million based upon 142.36 million shares outstanding. It also means that CETV has a price-to-book ratio of 5.82:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of CETV have traded as low as $1.92 and as high as $2.96. Technical traders will take note that at $2.33, shares of CETV are trading below their 200-day MA at $2.42 and above their 50-day MA at $2.31. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CETV?
Central European Media Enterprises Ltd is a media and entertainment company. It has broadcast operations in six countries in Central and Eastern Europe and each country also develops and produces content for their television channels. The company’s 3100 employees are led by CEO Michael Nin / Christoph Mainusch from the corporate headquarters at 3 Bermudiana Road.
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