CTC Media Stock Hits New 52-Week Low (CTCM)
NEW YORK (TheStreet) -- CTC Media (Nasdaq:CTCM) hit a new 52-week low Friday as it is currently trading at $8.96, below its previous 52-week low of $9.11 with 96,051 shares traded as of 10:05 a.m. ET. Average volume has been 459,600 shares over the past 30 days. CTC Media has a market cap of $1.5 billion and is part of the services sector and media industry. Shares are down 60.8% year to date as of the close of trading on Thursday. CTC Media, Inc. operates as an independent broadcasting company in Russia. It owns and operates the CTC, Domashny, and DTV television networks in Russia. The company has a P/E ratio of nine, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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