DouYu International (NASDAQ:DOYU) Rating Increased to Hold at HSBC

HSBC upgraded shares of DouYu International (NASDAQ:DOYU) from a reduce rating to a hold rating in a report issued on Monday, Marketbeat.com reports.

DouYu International Trading Up 6.4 %

NASDAQ DOYU opened at $9.35 on Monday. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The stock has a market cap of $295.80 million, a P/E ratio of -10.63 and a beta of 1.00. The stock’s fifty day moving average price is $12.35 and its 200-day moving average price is $11.13.

DouYu International (NASDAQ:DOYU) last released its earnings results on Friday, March 14th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($2.18) by $1.87. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The firm had revenue of $155.65 million for the quarter, compared to analysts’ expectations of $1.05 billion.

DouYu International Increases Dividend

The business also recently announced a — dividend, which was paid on Thursday, February 20th. Stockholders 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 was Friday, February 21st.

Institutional Investors Weigh In On DouYu International

Institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of DouYu International during the third quarter valued at $42,000. Advisors Preferred LLC purchased a new stake in shares of DouYu International during the fourth quarter valued at $51,000. Headlands Technologies LLC boosted its position in shares of DouYu International by 3,409.1% during the fourth quarter. Headlands Technologies LLC now owns 6,948 shares of the company’s stock valued at $78,000 after buying an additional 6,750 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of DouYu International during the fourth quarter valued at $114,000. Finally, BNP Paribas Financial Markets boosted its position in shares of DouYu International by 61.4% during the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after buying an additional 4,800 shares during the last quarter. 17.86% of the stock is owned by hedge funds and other institutional investors.

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.