NEW YORK (TheStreet) -- Shares of Youku Tudou (YOKU) are down -8.53% to $22.08 on Monday after the Chinese government ordered online media platforms to end video streaming of some American programs.
China's State Administration of Press, Publication, Radio, Film and Television ordered the removal of The Big Bang Theory, The Good Wife, NCIS and The Practice from all online media platforms as part of its recent string of censorship across the Internet.
TheStreet Ratings team rates YOUKU TUDOU INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate YOUKU TUDOU INC (YOKU) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and feeble growth in the company's earnings per share."