DouYu International (NASDAQ:DOYU) Upgraded at HSBC

DouYu International (NASDAQ:DOYU) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat.com reports.

DouYu International Stock Performance

NASDAQ DOYU traded up $0.43 on Monday, hitting $9.22. 55,367 shares of the stock traded hands, compared to its average volume of 224,947. The business’s fifty day moving average is $12.38 and its two-hundred day moving average is $11.20. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The firm has a market capitalization of $291.81 million, a price-to-earnings ratio of -10.40 and a beta of 1.00.

DouYu International (NASDAQ:DOYU) last posted its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.18) by $1.87. The firm had revenue of $155.65 million for the quarter, compared to the consensus estimate of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

Institutional Investors Weigh In On DouYu International

A number of institutional investors and hedge funds have recently made changes to their positions in DOYU. FMR LLC raised its position in shares of DouYu International by 57.7% in the third quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after buying an additional 680,659 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DouYu International in the third quarter worth $5,968,000. BRIGHT VALLEY CAPITAL Ltd raised its position in shares of DouYu International by 22.6% in the fourth quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after buying an additional 290,767 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of DouYu International in the fourth quarter worth $2,429,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of DouYu International in the third quarter worth $1,762,000. 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.