DouYu International (NASDAQ:DOYU) Posts Quarterly Earnings Results, Hits Expectations

DouYu International (NASDAQ:DOYUGet Free Report) released its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02), reports. DouYu International had a net margin of 0.61% and a return on equity of 2.27%. The company had revenue of $182.53 million during the quarter.

DouYu International Stock Down 2.1 %

Shares of DOYU opened at $0.70 on Thursday. The company has a 50-day simple moving average of $0.76 and a 200-day simple moving average of $0.84. The company has a market capitalization of $223.88 million, a PE ratio of 70.08 and a beta of 1.03. DouYu International has a 52-week low of $0.65 and a 52-week high of $1.23.

Hedge Funds Weigh In On DouYu International

A number of large investors have recently made changes to their positions in DOYU. JPMorgan Chase & Co. purchased a new position in DouYu International during the 1st quarter valued at about $171,000. Dimensional Fund Advisors LP increased its holdings in DouYu International by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,276,425 shares of the company’s stock valued at $2,657,000 after acquiring an additional 100,140 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in DouYu International during the 1st quarter valued at about $39,000. Vanguard Group Inc. increased its holdings in DouYu International by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 5,375,653 shares of the company’s stock valued at $11,181,000 after acquiring an additional 21,837 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in DouYu International by 13.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,396,199 shares of the company’s stock valued at $2,904,000 after acquiring an additional 164,458 shares in the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of DouYu International in a report on Thursday, December 7th.

Check Out Our Latest Analysis on DOYU

DouYu International Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for DouYu International (NASDAQ:DOYU)

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