(Nasdaq:SOHU) Sohu.com Ltd – ADR Dips To New 52 Week Low

Sohu.com Ltd – ADR (Nasdaq:SOHU)

August 11th, 2018

Amidst falling markets Sohu.com Ltd – ADR finished Monday’s trading session down 4.74%, a $1.13 decrease to close on $22.69. As well as the drop in value, Sohu.com Ltd – ADR hit a new 52 week low of $22.60, breaking the previous low of $23.27 from earlier this month.

SOHU was outperformed by the rest of the Information Technology sector which went down just 0.81%.

Sohu.com Ltd – ADR Info

Sohu.com Inc. provides online media, search, and game services on personal computers (PCs), mobile devices, and tablets in the People’s Republic of China. The company operates sohu.com, which provides online news and information; Sohu News APP, a mobile phone application, as well as m.sohu.com mobile portal; tv.sohu.com that offers online video content and service, as well as Sohu Video APP, a mobile phone application; and focus.cn, which provides online real estate information and services. It also offers paid subscription services, interactive broadcasting services, and sub-licensing of purchased video content to third parties. The company’s search and search-related business provides Sogou Search, which makes information accessible for Chinese Internet users; Sogou Input Method, a cloud-based Chinese language input software for PC and mobile users; Sogou Browser for Web navigation; Sogou Web Directory, a content aggregation and distribution platform; and Sogou Translation to deliver language translation, as well as offers pay-for-click and other online advertising services for advertisers. In addition, its online game business offers PC games, mobile games, and Web games to game players. Further, the company’s platform channel business operates 17173.com Website, a game information portal; RaidCall, which provides online music and entertainment services; and MoboTap that offers software applications for PCs and mobile devices through the Dolphin Browser, a gateway to a host of user activities on mobile devices, as well as online card and board games. Additionally, it provides Internet value-added services; and cinema advertising services. The company was formerly known as Internet Technologies China Incorporated and changed its name to Sohu.com Inc. in September 1999. Sohu.com Inc. was founded in 1996 and is headquartered in Beijing, the People’s Republic of China.

All amounts in USD unless otherwise indicated

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