DouYu International (NASDAQ:DOYU) Trading Down 2.8%

DouYu International Holdings Limited (NASDAQ:DOYU) traded down 2.8% on Wednesday . The company traded as low as $18.64 and last traded at $18.75. 28,780 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 173,973 shares. The stock had previously closed at $19.29.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 target price on the stock in a research note on Wednesday, July 3rd. Hsbc Global Res raised DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Citigroup reduced their price objective on DouYu International from $6.00 to $5.50 and set a “sell” rating for the company in a report on Friday, June 7th.

DouYu International Stock Performance

The business’s 50-day simple moving average is $15.30 and its 200 day simple moving average is $10.79. The firm has a market cap of $595.71 million, a P/E ratio of -50.76 and a beta of 0.94.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Wednesday, June 5th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $144.00 million for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%.

Hedge Funds Weigh In On DouYu International

Institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of DouYu International during the 2nd quarter worth $30,000. BNP Paribas Financial Markets bought a new position in DouYu International in the 1st quarter worth $34,000. Russell Investments Group Ltd. lifted its position in DouYu International by 26.6% during the fourth quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock valued at $140,000 after purchasing an additional 32,857 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in DouYu International by 46.0% during the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after purchasing an additional 50,531 shares during the period. Finally, Athos Capital Ltd purchased a new stake in DouYu International in the fourth quarter worth about $166,000. Institutional investors own 17.86% of the company’s stock.

About DouYu International

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.