CEE Stock Surges Over 5% Amid Strong Performance in Asset Management Sector

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Nov 08, 2024

The Central & Eastern Europe Fund, Inc. (CEE, Financial) experienced a significant stock price increase, rising by 5.17%. The stock is currently priced at $12.60 per share with a trading volume of 76,252 shares and a turnover rate of 1.19%, while volatility is at 4.67%.

The recent financial report shows revenue of $151,823, with a net profit of $10.16 million and earnings per share (EPS) at $1.61. The price-to-earnings (P/E) ratio stands at 5.64, although specific gross profit data is not available. As of now, there are no institutional ratings for CEE regarding buy, hold, or sell recommendations.

Within the asset management industry, where CEE belongs, the overall growth was 0.38%. Other significant performers include Destiny Tech100 Inc. and Binah Capital Group Inc C/Wts 15/03/2029 (To Pur Com). Destiny Tech100 Inc. and Prospect Capital, along with Blackrock Virginia Municipal Bond Trust, showed notable activity with turnover rates of 75.38%, 3.38%, and 1.62%, respectively. The most volatile stocks in this sector were Binah Capital Group Inc C/Wts 15/03/2029 (To Pur Com), Destiny Tech100 Inc., and Beneficient C/Wts 07/06/2028 (To Pur Com), with volatilities of 68.25%, 43.35%, and 20.25% respectively.

The Central & Eastern Europe Fund, Inc. is a closed-ended management investment company focusing on long-term capital appreciation by investing in equity and equity-linked securities of issuers located in Central and Eastern Europe.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.