DouYu International (NASDAQ:DOYU) Raised to “Hold” at HSBC

DouYu International (NASDAQ:DOYU) was upgraded by equities research analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued on Monday, Marketbeat.com reports.

DouYu International Stock Down 10.4 %

DOYU stock opened at $8.38 on Monday. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The firm has a market cap of $265.11 million, a P/E ratio of -9.52 and a beta of 1.00. The company’s 50-day moving average price is $12.30 and its two-hundred day moving average price is $11.06.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results 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. The company had revenue of $155.65 million for the quarter, compared to analyst estimates of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

Institutional Investors Weigh In On DouYu International

A number of institutional investors have recently added to or reduced their stakes in DOYU. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DouYu International in the 3rd quarter worth approximately $42,000. Advisors Preferred LLC acquired a new position in shares of DouYu International in the 4th quarter worth approximately $51,000. Headlands Technologies LLC lifted its position in shares of DouYu International by 3,409.1% in the 4th quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock worth $78,000 after purchasing an additional 6,750 shares during the period. Jump Financial LLC acquired a new position in shares of DouYu International in the 4th quarter worth approximately $114,000. Finally, BNP Paribas Financial Markets lifted its position in shares of DouYu International by 61.4% in the 3rd 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 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.