Central European Distribution Stock Gaps Down On Today's Open (CEDC)
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 yesterday and opened today's trading at $4.05.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
Central European Distribution (Nasdaq:CEDC) hit a new 52-week low Thursday as it is currently trading at $2.73, below its previous 52-week low of $2.75 with 347,910 shares traded as of 11 a.m. ET. Average volume has been 915,600 shares over the past 30 days.