CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMF) Stock Price Down 10.1% – Here’s Why

CTS Eventim AG & Co. KGaA (OTCMKTS:CEVMFGet Free Report) shares dropped 10.1% during trading on Tuesday . The stock traded as low as $63.40 and last traded at $63.40. Approximately 724 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 437 shares. The stock had previously closed at $70.50.

CTS Eventim AG & Co. KGaA Price Performance

The firm has a fifty day simple moving average of $63.40 and a 200 day simple moving average of $81.50.

CTS Eventim AG & Co. KGaA Company Profile

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CTS Eventim AG & Co KGaA is a Germany-based provider of ticketing services and live entertainment. The company operates a two-pillar business model, combining a proprietary ticketing platform with a global event promotion and venue management business. Through its ticketing division, CTS Eventim delivers end-to-end solutions for online, mobile and box-office sales, integrating software, call-center support and physical outlets to serve promoters, venues and rightsholders.

On the ticketing side, CTS Eventim’s platform supports the sale and distribution of tickets for concerts, sports, theater, festivals and family entertainment.

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