DouYu International (NASDAQ:DOYU) Shares Down 4.6%

Shares of DouYu International Holdings Limited (NASDAQ:DOYU) were down 4.6% during mid-day trading on Tuesday . The company traded as low as $15.17 and last traded at $16.25. Approximately 256,875 shares traded hands during trading, an increase of 54% from the average daily volume of 167,338 shares. The stock had previously closed at $17.03.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DOYU shares. Hsbc Global Res raised shares of DouYu International from a “moderate sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Citigroup decreased their price target on shares of DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a report on Friday, June 7th. Finally, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price target on the stock in a report on Wednesday, July 3rd.

DouYu International Stock Down 4.6 %

The firm’s 50-day moving average is $13.30 and its 200-day moving average is $9.89. The company has a market capitalization of $510.35 million, a PE ratio of -42.45 and a beta of 0.94.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Wednesday, June 5th. The company reported ($0.37) earnings per share (EPS) for the quarter. DouYu International had a positive return on equity of 0.62% and a negative net margin of 1.35%. The company had revenue of $144.00 million during the quarter.

Institutional Trading of DouYu International

Several institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position in DouYu International by 125.5% during the fourth quarter. Federated Hermes Inc. now owns 2,185,820 shares of the company’s stock valued at $2,077,000 after buying an additional 1,216,284 shares during the period. BRIGHT VALLEY CAPITAL Ltd purchased a new position in shares of DouYu International during the fourth quarter valued at approximately $2,006,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of DouYu International during the first quarter valued at approximately $3,750,000. Polunin Capital Partners Ltd purchased a new position in shares of DouYu International during the second quarter valued at approximately $3,526,000. Finally, Athos Capital Ltd purchased a new position in shares of DouYu International during the fourth quarter valued at approximately $166,000. 17.86% of the stock is currently owned by hedge funds and other 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.