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

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

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

DouYu International Stock Down 10.4 %

Shares of DOYU opened at $8.38 on Monday. DouYu International has a fifty-two week low of $6.29 and a fifty-two week high of $20.17. The firm’s 50 day moving average price is $12.30 and its 200 day moving average price is $11.06. The company has a market cap of $265.11 million, a P/E ratio of -9.52 and a beta of 1.00.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Friday, March 14th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.05 billion.

DouYu International Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of DouYu International in the 3rd quarter valued at $42,000. Advisors Preferred LLC purchased a new position in shares of DouYu International in the 4th quarter valued at $51,000. Headlands Technologies LLC grew its position in shares of DouYu International by 3,409.1% in the 4th 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 position in shares of DouYu International in the 4th quarter valued at $114,000. Finally, BNP Paribas Financial Markets grew its position in shares of DouYu International by 61.4% in the 3rd 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.