Central European Media Stock Gaps Down On Today's Open (CETV)

NEW YORK ( TheStreet) -- Shares of Central European Media (Nasdaq: CETV) were gapping down Monday morning with an open price 11.6% lower than Friday's closing price. The stock closed at $14.63 Friday and opened today's trading at $12.94.

The average volume for Central European Media has been 381,700 shares per day over the past 30 days. Central European Media has a market cap of $905.7 million and is part of the services sector and media industry. Shares are down 28.1% year to date as of the close of trading on Friday.

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 deteriorating net income, generally weak debt management, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Central European Media Ratings Report.

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