DouYu International Holdings Limited (NASDAQ:DOYU – Get Free Report) shares fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $15.17 and last traded at $16.25. 256,875 shares were traded during mid-day trading, an increase of 54% from the average session volume of 167,338 shares. The stock had previously closed at $17.03.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating for the company in a research report on Friday, June 7th. HSBC upgraded DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price target for the company in a research note on Wednesday, July 3rd. Finally, Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.
DouYu International Stock Down 2.2 %
The firm has a 50 day simple moving average of $12.90 and a two-hundred day simple moving average of $9.74. The stock has a market capitalization of $526.81 million, a P/E ratio of -43.61 and a beta of 0.94.
DouYu International (NASDAQ:DOYU – Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $144.00 million for the quarter. DouYu International had a positive return on equity of 0.62% and a negative net margin of 1.35%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in DouYu International in the fourth quarter valued at $2,006,000. Federated Hermes Inc. increased its holdings in DouYu International by 125.5% in the fourth quarter. Federated Hermes Inc. now owns 2,185,820 shares of the company’s stock valued at $2,077,000 after purchasing an additional 1,216,284 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in DouYu International in the first quarter valued at $3,750,000. Polunin Capital Partners Ltd acquired a new stake in DouYu International in the second quarter valued at $3,526,000. Finally, Athos Capital Ltd acquired a new stake in DouYu International in the fourth quarter valued at $166,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.
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.