China Digital TV Holding (STV) Crumbles: Stock Falls by 5.8% – Tale of the Tape

Zacks

China Digital TV Holding Co., Ltd. (STV) saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for STV, as the stock is now up more than 36% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

STV currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the technology sector include CTS Corporation (CTS), AAC Technologies Holdings Inc. (AACAY) and KEMET Corp. (KEM). While include CTS and KEMET carry a Zacks Rank #2 (Buy), AAC Technologies Holdings holds a Zacks Rank #1 (Strong Buy).

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