DouYu International (NASDAQ:DOYU) Rating Increased to Hold at HSBC

DouYu International (NASDAQ:DOYU - Get Free Report) was upgraded by stock analysts at HSBC from a "reduce" rating to a "hold" rating in a note issued to investors on Monday, MarketBeat reports.

DouYu International Stock Performance

DOYU stock traded down $0.11 during trading on Monday, hitting $7.86. The stock had a trading volume of 255,325 shares, compared to its average volume of 229,623. DouYu International has a 1-year low of $6.29 and a 1-year high of $20.17. The stock has a market cap of $248.66 million, a price-to-earnings ratio of -8.93 and a beta of 1.00. The company's 50 day moving average price is $12.20 and its two-hundred day moving average price is $11.02.

DouYu International (NASDAQ:DOYU - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($2.18) by $1.87. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%. The business had revenue of $155.65 million during the quarter, compared to analyst estimates of $1.05 billion.

Hedge Funds Weigh In On DouYu International

Several large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in DouYu International in the 3rd quarter valued at about $42,000. Advisors Preferred LLC purchased a new stake in DouYu International in the fourth quarter valued at approximately $51,000. Headlands Technologies LLC grew its holdings in DouYu International by 3,409.1% in the fourth quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock valued at $78,000 after purchasing an additional 6,750 shares during the period. Jump Financial LLC acquired a new position in DouYu International during the fourth quarter worth approximately $114,000. Finally, BNP Paribas Financial Markets raised its stake in DouYu International by 61.4% during the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company's stock worth $137,000 after purchasing an additional 4,800 shares during the period. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

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DouYu International Company Profile

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People's Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.