Hsbc Global Res downgraded shares of DouYu International (NASDAQ:DOYU - Free Report) from a hold rating to a moderate sell rating in a report issued on Tuesday, Zacks.com reports.
A number of other brokerages have also issued reports on DOYU. Citigroup lowered their target price on shares of DouYu International from $6.00 to $5.50 and set a sell rating on the stock in a research report on Friday, June 7th. HSBC lowered shares of DouYu International from a hold rating to a reduce rating in a research note on Tuesday.
Get Our Latest Stock Analysis on DOYU
DouYu International Price Performance
Shares of DOYU traded down $0.34 during midday trading on Tuesday, reaching $9.16. The stock had a trading volume of 64,270 shares, compared to its average volume of 196,246. The company has a market cap of $289.82 million, a price-to-earnings ratio of -25.00 and a beta of 0.95. The company's fifty day simple moving average is $14.68 and its two-hundred day simple moving average is $11.62. DouYu International has a 1-year low of $6.29 and a 1-year high of $20.17.
DouYu International (NASDAQ:DOYU - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $142.01 million during the quarter. DouYu International had a negative net margin of 2.63% and a negative return on equity of 0.97%.
Institutional Trading of DouYu International
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOYU. Headlands Technologies LLC acquired a new stake in shares of DouYu International during the second quarter worth $30,000. BNP Paribas Financial Markets purchased a new stake in DouYu International in the 1st quarter valued at about $34,000. Dimensional Fund Advisors LP increased its stake in shares of DouYu International by 46.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company's stock valued at $1,761,000 after acquiring an additional 50,531 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of DouYu International in the fourth quarter worth approximately $2,006,000. Finally, Polunin Capital Partners Ltd purchased a new stake in DouYu International in the second quarter valued at approximately $3,526,000. Hedge funds and other institutional investors own 17.86% of the company's stock.
DouYu International Company Profile
(
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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.
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