DouYu International (NASDAQ:DOYU) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of DouYu International (NASDAQ:DOYU - Free Report) from a moderate sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Citigroup upgraded DouYu International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $5.90 to $10.50 in a research note on Tuesday, March 18th. HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a report on Monday, March 17th.

DouYu International Stock Performance

Shares of NASDAQ:DOYU traded down $0.11 during trading on Monday, hitting $7.86. The company's stock had a trading volume of 255,325 shares, compared to its average volume of 231,066. DouYu International has a fifty-two week low of $6.29 and a fifty-two week high of $20.17. The stock's 50-day moving average price is $12.15 and its two-hundred day moving average price is $10.95. The company has a market capitalization of $248.66 million, a PE ratio of -8.93 and a beta of 1.00.

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

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DouYu International Increases Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a $9.94 dividend. This is a positive change from DouYu International's previous -- dividend of $9.71. The ex-dividend date was Friday, February 21st.

Hedge Funds Weigh In On DouYu International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOYU. FMR LLC grew its holdings in DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company's stock worth $20,139,000 after buying an additional 680,659 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company's stock valued at $137,000 after purchasing an additional 4,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in DouYu International by 88.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company's stock valued at $145,000 after purchasing an additional 6,302 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in DouYu International during the 3rd quarter valued at $5,968,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in DouYu International during the 3rd quarter valued at $42,000. 17.86% of the stock is owned by institutional investors.

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.