The computer software & services industry closed the day down 2%. Bridgeline Digital Inc ( BLIN), iSoftStone Holdings ( ISS), Camelot Information Systems Inc ( CIS), and Asiainfo-Linkage Inc ( ASIA) were all decliners today within the computer software & services industry with China Digital TV ( STV) being today's featured computer software & services loser. China Digital TV fell 8 cents (-2%) to $3.86 on light volume. Throughout the day, 68,950 shares of China Digital TV exchanged hands as compared to its average daily volume of 138,300 shares. China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People's Republic of China. China Digital TV has a market cap of $229.4 million and is part of the technology sector. The company has a P/E ratio of 6.5, above the average computer software & services industry P/E ratio of 3.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 44.9% year to date as of the close of trading on Thursday. TheStreet Ratings rates China Digital TV as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.
China Digital TV Holding (STV) rose on Wednesday after the company declared a special cash dividend of 50 cents a share on its ordinary shares. Each of China Digital's American Depositary Shares (ADS) represents one ordinary share. Shareholders of record as of the close of business on April 14 will be eligible to receive the dividend, which should be paid on or around May 9. This is the fifth time the company has declared a dividend since its IPO in 2007. "China Digital TV is always looking to provide excellent value to our shareholders and we believe that a special dividend is a prudent use of cash at this time," said Chairman and CEO Jianhua Zhu in a statement. "Our balance sheet and revenue remain strong enough to support our continued focus on R&D and other long-term objectives."