Sohu.com (SOHU) Reaches New 52-Week Low at $15.36
Shares of Sohu.com Ltd – (NASDAQ:SOHU) hit a new 52-week low during trading on Monday . The stock traded as low as $15.36 and last traded at $15.51, with a volume of 6804 shares. The stock had previously closed at $16.47.
Several analysts recently commented on SOHU shares. BidaskClub lowered Sohu.com from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Zacks Investment Research raised Sohu.com from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, January 28th. Finally, ValuEngine lowered Sohu.com from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd.
The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.19. The firm has a market cap of $641.01 million, a PE ratio of -3.76 and a beta of 1.16.
Large investors have recently added to or reduced their stakes in the business. Hillhouse Capital Advisors Ltd. bought a new position in shares of Sohu.com in the fourth quarter worth about $13,971,000. Norges Bank bought a new position in shares of Sohu.com in the fourth quarter worth about $9,830,000. RMB Capital Management LLC boosted its stake in shares of Sohu.com by 115.9% in the fourth quarter. RMB Capital Management LLC now owns 501,772 shares of the information services provider’s stock worth $8,741,000 after acquiring an additional 269,407 shares during the period. Krane Funds Advisors LLC boosted its stake in shares of Sohu.com by 27.4% in the third quarter. Krane Funds Advisors LLC now owns 510,277 shares of the information services provider’s stock worth $10,144,000 after acquiring an additional 109,734 shares during the period. Finally, River & Mercantile Asset Management LLP boosted its stake in shares of Sohu.com by 41.0% in the fourth quarter. River & Mercantile Asset Management LLP now owns 333,379 shares of the information services provider’s stock worth $5,804,000 after acquiring an additional 96,948 shares during the period. 58.95% of the stock is owned by institutional investors and hedge funds.
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About Sohu.com (NASDAQ:SOHU)
Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.
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