DouYu International (NASDAQ:DOYU) Stock Rating Upgraded by HSBC

DouYu International (NASDAQ:DOYU) was upgraded by HSBC from a “reduce” rating to a “hold” rating in a report released on Monday, Marketbeat reports.

DouYu International Stock Performance

NASDAQ DOYU opened at $8.38 on Monday. The firm has a 50-day moving average of $12.30 and a 200-day moving average of $11.06. The stock has a market cap of $265.11 million, a PE ratio of -9.52 and a beta of 1.00. DouYu International has a 52-week low of $6.29 and a 52-week high of $20.17.

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 analysts’ consensus estimates of ($2.18) by $1.87. The company had revenue of $155.65 million during the quarter, compared to analysts’ expectations of $1.05 billion. DouYu International had a negative net margin of 4.39% and a negative return on equity of 2.92%.

Institutional Trading of DouYu International

Several hedge funds and other institutional investors have recently bought and sold shares of DOYU. FMR LLC raised its stake in DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock worth $20,139,000 after purchasing an additional 680,659 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in DouYu International in the 3rd quarter worth about $5,968,000. BRIGHT VALLEY CAPITAL Ltd raised its stake in DouYu International by 22.6% in the 4th quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,576,000 shares of the company’s stock worth $17,667,000 after purchasing an additional 290,767 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in DouYu International in the 4th quarter worth about $2,429,000. Finally, Point72 Asset Management L.P. acquired a new stake in DouYu International in the 3rd quarter worth about $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.