NEW YORK ( TheStreet) -- Central European Media (Nasdaq: CETV) is trading at unusually high volume Friday with 2.2 million shares changing hands. It is currently at eight times its average daily volume and trading down 60 cents (-3%) at $19.16 as of four p.m. ET. Central European Media has a market cap of $1.1 billion and is part of the services sector and media industry. Shares are down 2.9% year to date as of the close of trading on Thursday. 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 disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Central European Media Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.