Central European Media Stock Falls On Unusually High Volume (CETV)

NEW YORK (TheStreet) -- Central European Media (Nasdaq:CETV) is trading at unusually high volume Wednesday with 1.8 million shares changing hands. It is currently at four times its average daily volume and trading down $1.64 (-19.4%) at $6.86 as of 2:15 p.m. ET.

Central European Media has a market cap of $391.4 million and is part of the services sector and media industry. Shares are up 31% year to date as of the close of trading on Tuesday.

Central European Media Enterprises Ltd. (CME) operates as a vertically integrated media company operating broadcast, content, and new media businesses in central and eastern European countries.

TheStreet Ratings rates Central European Media as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full Central European Media Ratings Report.

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