Central European Distribution Stock Gaps Down On Today's Open (CEDC)

NEW YORK ( TheStreet) -- Shares of Central European Distribution (Nasdaq: CEDC) were gapping down Wednesday morning with an open price 25.3% lower than Tuesday's closing price. The stock closed at $5.42 Tuesday and opened today's trading at $4.05.

The average volume for Central European Distribution has been 2.4 million shares per day over the past 30 days. Central European Distribution has a market cap of $277.9 million and is part of the consumer goods sector and food & beverage industry. Shares are up 23.9% year to date as of the close of trading on Tuesday.

Central European Distribution Corporation, together with its subsidiaries, produces, imports, and distributes alcoholic beverages in Poland, Hungary, and the Russian Federation.

TheStreet Ratings rates Central European Distribution as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full Central European Distribution Ratings Report.

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