China Digital TV (STV) Trading Near Its 52-Week Low
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China Digital TV (NYSE: STV) is currently trading near its 52-week low of $25.01. China Digital has traded as high as $55.31, and currently trading at $33.50 in after-hours. The company’s stock price jumped 75% on its IPO day on October 5. China Digital TV started declining in October, when the share price of Baidu (Nasdaq: BIDU) fell sharply, which triggered a broader market sell off.
China Digital TV Holding is a provider of conditional access (CA) systems to the digital television market in the People’s Republic of China.
China Digital TV Holding is a provider of conditional access (CA) systems to the digital television market in the People’s Republic of China.
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