DouYu International (NASDAQ:DOYU) Downgraded to “Moderate Sell” at Hsbc Global Res

Hsbc Global Res lowered shares of DouYu International (NASDAQ:DOYU) from a hold rating to a moderate sell rating in a research report released on Tuesday morning, Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Citigroup dropped their price objective on shares of DouYu International from $6.00 to $5.50 and set a sell rating for the company in a report on Friday, June 7th. HSBC cut DouYu International from a hold rating to a reduce rating in a report on Tuesday.

DouYu International Stock Performance

DOYU opened at $9.61 on Tuesday. The firm has a market cap of $304.06 million, a P/E ratio of -25.89 and a beta of 0.95. The firm has a 50-day moving average of $14.53 and a 200 day moving average of $11.60. DouYu International has a fifty-two week low of $6.29 and a fifty-two week high of $20.17.

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

Hedge Funds Weigh In On DouYu International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in DouYu International in the second quarter valued at approximately $30,000. BNP Paribas Financial Markets purchased a new position in shares of DouYu International in the first quarter worth $34,000. Dimensional Fund Advisors LP raised its holdings in DouYu International by 46.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after buying an additional 50,531 shares during the last quarter. Polunin Capital Partners Ltd purchased a new stake in DouYu International during the 2nd quarter valued at $3,526,000. Finally, BRIGHT VALLEY CAPITAL Ltd grew its holdings in DouYu International by 42.0% in the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 371,184 shares of the company’s stock worth $4,079,000 after acquiring an additional 109,768 shares during the last quarter. 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.