HSBC Lowers DouYu International (NASDAQ:DOYU) to Reduce

DouYu International (NASDAQ:DOYU) was downgraded by research analysts at HSBC from a “hold” rating to a “reduce” rating in a report issued on Tuesday, Marketbeat.com reports.

Several other equities analysts have also recently 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 report on Wednesday, July 3rd. Citigroup lowered their price target on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th.

DouYu International Stock Down 4.5 %

Shares of NASDAQ DOYU opened at $9.07 on Tuesday. The business has a fifty day simple moving average of $14.68 and a 200-day simple moving average of $11.62. The company has a market cap of $286.97 million, a price-to-earnings ratio of -23.82 and a beta of 0.95. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BRIGHT VALLEY CAPITAL Ltd purchased a new stake in DouYu International in the 4th quarter worth approximately $2,006,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DouYu International in the first quarter worth $3,750,000. Polunin Capital Partners Ltd purchased a new stake in shares of DouYu International during the second quarter worth $3,526,000. Dimensional Fund Advisors LP boosted its position in DouYu International by 46.0% during the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after purchasing an additional 50,531 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in DouYu International in the first quarter valued at about $34,000. 17.86% of the stock is owned by hedge funds and other 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.