DouYu International (NASDAQ:DOYU) Rating Lowered to Reduce at HSBC

DouYu International (NASDAQ:DOYU) was downgraded by stock analysts at HSBC from a “hold” rating to a “reduce” rating in a note issued to investors on Tuesday, MarketBeat reports.

Several other equities research analysts have also weighed in on the stock. Hsbc Global Res upgraded shares of DouYu International from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Citigroup dropped their price target on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research report on Friday, June 7th.

DouYu International Stock Down 4.5 %

Shares of NASDAQ DOYU opened at $9.07 on Tuesday. The stock’s 50 day moving average price is $14.68 and its two-hundred day moving average price is $11.62. DouYu International has a 52-week low of $6.29 and a 52-week high of $20.17. The stock has a market capitalization of $286.97 million, a P/E ratio of -23.82 and a beta of 0.95.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share (EPS) for the quarter. DouYu International had a negative return on equity of 0.97% and a negative net margin of 2.63%. The firm had revenue of $142.01 million for the quarter.

Institutional Investors Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently modified their holdings of DOYU. BRIGHT VALLEY CAPITAL Ltd bought a new stake in shares of DouYu International in the 4th quarter worth $2,006,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International in the first quarter worth about $3,750,000. Polunin Capital Partners Ltd acquired a new stake in DouYu International in the 2nd quarter valued at about $3,526,000. Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 50,531 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of DouYu International during the 1st quarter valued at about $34,000. 17.86% of the stock is currently 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.