DouYu International (NASDAQ:DOYU) Reaches New 1-Year High at $17.20

DouYu International Holdings Limited (NASDAQ:DOYU) shares hit a new 52-week high on Wednesday . The stock traded as high as $17.20 and last traded at $16.58, with a volume of 2019653 shares. The stock had previously closed at $12.59.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their target price on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th.

DouYu International Trading Up 34.9 %

The stock has a market cap of $537.56 million, a price-to-earnings ratio of -43.68 and a beta of 0.94. The stock’s 50-day moving average is $9.99 and its 200-day moving average is $8.57.

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

Institutional Investors Weigh In On DouYu International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new position in DouYu International during the 3rd quarter worth approximately $944,000. BNP Paribas Financial Markets acquired a new position in shares of DouYu International during the first quarter worth $34,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of DouYu International in the first quarter valued at $3,750,000. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in DouYu International during the 4th quarter valued at $2,006,000. Finally, Russell Investments Group Ltd. increased its stake in DouYu International by 26.6% during the 4th quarter. Russell Investments Group Ltd. now owns 156,511 shares of the company’s stock worth $140,000 after buying an additional 32,857 shares during the period. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.