DouYu International (NASDAQ:DOYU) Upgraded 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 research note released on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on DOYU. HSBC raised DouYu International from a “reduce” rating to a “hold” rating in a research note on Monday. Citigroup raised DouYu International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $5.90 to $10.50 in a research note on Tuesday.

DouYu International Trading Up 0.8 %

Shares of DouYu International stock opened at $8.45 on Monday. The company’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $11.04. The stock has a market cap of $267.32 million, a PE ratio of -9.60 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 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. The firm had revenue of $155.65 million for the quarter, compared to analysts’ expectations of $1.05 billion. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%.

DouYu International Increases Dividend

The company also recently declared 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 was Friday, February 21st.

Institutional Investors Weigh In On DouYu International

Several large investors have recently made changes to their positions in DOYU. FMR LLC grew its stake in shares of DouYu International by 57.7% in the 3rd quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after buying 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 approximately $5,968,000. BRIGHT VALLEY CAPITAL Ltd lifted its holdings 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 during the last quarter. Russell Investments Group Ltd. acquired a new stake in DouYu International in the 4th quarter worth approximately $2,429,000. Finally, Point72 Asset Management L.P. acquired a new stake in DouYu International in the 3rd quarter worth approximately $1,762,000. Institutional investors 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.