DouYu International (NASDAQ:DOYU) Upgraded at Hsbc Global Res

DouYu International (NASDAQ:DOYU) was upgraded by equities researchers at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

DOYU has been the subject of several other research reports. Citigroup raised shares of DouYu International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $5.90 to $10.50 in a research report on Tuesday. HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating in a research report on Monday.

DouYu International Price Performance

Shares of NASDAQ DOYU opened at $8.38 on Monday. The company has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $11.06. The firm has a market cap of $265.11 million, a PE ratio of -9.52 and a beta of 1.00. DouYu International has a 1 year low of $6.29 and a 1 year high of $20.17.

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

Institutional Trading of DouYu International

Several hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after purchasing an additional 680,659 shares during the period. BRIGHT VALLEY CAPITAL Ltd boosted its holdings in DouYu International by 22.6% during the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after acquiring an additional 290,767 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in DouYu International by 29.7% during the 4th quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock worth $8,011,000 after acquiring an additional 163,509 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in DouYu International during the 4th quarter worth $2,429,000. Finally, Point72 Asset Management L.P. purchased a new position in DouYu International during the 3rd quarter worth $1,762,000. Institutional investors and hedge funds own 17.86% of the company’s stock.

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.