Central European Media Enterprises Ltd. (CETV) Moves Higher on Volume Spike for June 16

Equities Staff |

Central European Media Enterprises Ltd. (CETV) traded on unusually high volume on Jun. 16, as the stock gained 1.19% to close at $4.25. On the day, Central European Media Enterprises Ltd. saw 535,159 shares trade hands on 1,634 trades. Considering that the stock averages only a daily volume of 222,132 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $4.45 and $2.03 over the last 52-weeks, its 50-day SMA is now $3.85, and its 200-day SMA $2.92. Central European Media Enterprises Ltd. has a P/B ratio of -5.25.

Central European Media Enterprises Ltd is a media and entertainment company. It operates as one general entertainment channel and eight other channels. The company generates advertising revenues from placing ads on the television channels.

Headquartered in Hamilton, , Central European Media Enterprises Ltd. has 2,950 employees and is currently under the leadership of CEO Michael Nin / Christoph Mainusch.

For a complete fundamental analysis analysis of Central European Media Enterprises Ltd., check out Equities.com’s Stock Valuation Analysis report for CETV.

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To get more information on Central European Media Enterprises Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: CETV’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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