DouYu International Holdings Limited (NASDAQ:DOYU) Plans Dividend Increase – $9.94 Per Share

DouYu International Holdings Limited (NASDAQ:DOYU) announced a — dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Monday, February 10th will be paid a dividend of 9.94 per share on Thursday, February 20th. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from DouYu International’s previous — dividend of $9.71.

DouYu International Stock Down 1.4 %

NASDAQ:DOYU opened at $15.70 on Wednesday. DouYu International has a 52 week low of $6.29 and a 52 week high of $20.17. The firm has a 50 day moving average of $11.37 and a 200 day moving average of $12.56. The stock has a market capitalization of $496.75 million, a price-to-earnings ratio of -17.84 and a beta of 0.95.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Hsbc Global Res lowered shares of DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th. HSBC lowered DouYu International from a “hold” rating to a “reduce” rating in a report on Tuesday, September 24th.

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.