DouYu International (NASDAQ:DOYU) Trading Down 2.8%

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

Analyst Upgrades and Downgrades

DOYU has been the subject of several recent analyst reports. HSBC raised DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 target price for the company in a research report on Wednesday, July 3rd. Hsbc Global Res raised DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, Citigroup reduced their price target 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.

DouYu International Price Performance

The firm has a market capitalization of $595.71 million, a PE ratio of -50.76 and a beta of 0.94. The company has a fifty day moving average of $15.30 and a 200-day moving average of $10.79.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.37) earnings per share (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%.

Institutional Trading of DouYu International

Several large investors have recently added to or reduced their stakes in DOYU. Dimensional Fund Advisors LP lifted its stake in shares of DouYu International by 46.0% in the 2nd 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 last quarter. Headlands Technologies LLC bought a new stake in shares of DouYu International during the 2nd quarter worth about $30,000. Polunin Capital Partners Ltd bought a new stake in shares of DouYu International during the 2nd quarter worth about $3,526,000. BNP Paribas Financial Markets acquired a new position in shares of DouYu International during the 1st quarter valued at about $34,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of DouYu International in the 1st quarter valued at approximately $3,750,000. 17.86% of the stock is owned by institutional investors.

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.