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Central European Media Enterprises Ltd. (NASDAQ:CETV) shares surged by 16.29%

Boston, MA 05/23/2013 (wallstreetpr) – The share prices of Central European Media Enterprises Ltd. (NASDAQ:CETV) increased by 16.29 percent to close at $3.57 per share for the last trading session. This was observed to be an increase of $0.50 per share over the closing price of previous trading day. The media and entertainment company also witnessed heavy trading volume of 2.53 million shares for the day while the average trading volume for Central European Media Enterprises Ltd. (NASDAQ:CETV) is only 1.06 million shares.

Central European Media Enterprises Ltd. (NASDAQ:CETV) is  a media and entertainment company with its operations in Central and Eastern Europe. The company operates in the areas of broadcast, content and new media businesses in three major business segments namely Broadcast division, Media Pro Entertainment division and New Media division. Central European Media Enterprises Ltd. (NASDAQ:CETV) owns and operates around 70 websites in its markets and had recently launched its video on demand service, VoYo.

Central European Media Enterprises Ltd. (NASDAQ:CETV) had recently announced a public offering of its class A common stock with par value of $0.08 per share and further the public offering was priced at $2.75 per share before underwriting discounts and commissions. The media and entertainment company of Europe holds a market capitalization of $275.55 million and the total shares floated by the company is 77.19 million to the equity stock holders. Central European Media Enterprises Ltd. (NASDAQ:CETV) has a 52 week high price level of $7.92 per share and 52 week low price level of $2.60 per share.

Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.



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