DouYu International (NASDAQ:DOYU) Upgraded to “Hold” at Hsbc Global Res

Hsbc Global Res upgraded shares of DouYu International (NASDAQ:DOYU) from a moderate sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

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

DouYu International Price Performance

Shares of NASDAQ:DOYU opened at $8.38 on Monday. The stock has a market cap of $265.11 million, a P/E ratio of -9.52 and a beta of 1.00. The firm has a fifty day moving average price of $12.30 and a 200 day moving average price of $11.06. DouYu International has a 1-year low of $6.29 and a 1-year high of $20.17.

DouYu International (NASDAQ:DOYU) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.05 billion.

DouYu International Increases Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were paid a $9.94 dividend. This is a boost from DouYu International’s previous — dividend of $9.71. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of DouYu International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake 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 valued at $20,139,000 after purchasing an additional 680,659 shares during the period. BRIGHT VALLEY CAPITAL Ltd lifted its stake 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 valued at $17,667,000 after purchasing an additional 290,767 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of DouYu International by 29.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 714,592 shares of the company’s stock valued at $8,011,000 after purchasing an additional 163,509 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of DouYu International in the fourth quarter valued at about $2,429,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of DouYu International in the third quarter valued at about $1,762,000. Institutional investors and hedge funds 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.