DouYu International (NASDAQ:DOYU) Cut to “Reduce” at HSBC

HSBC lowered shares of DouYu International (NASDAQ:DOYU) from a hold rating to a reduce rating in a research report report published on Tuesday morning, MarketBeat Ratings reports.

Several other equities analysts also recently weighed in on DOYU. Hsbc Global Res raised DouYu International from a moderate sell rating to a hold rating in a research note on Wednesday, July 3rd. Citigroup lowered their target price on DouYu International from $6.00 to $5.50 and set a sell rating on the stock in a report on Friday, June 7th.

DouYu International Price Performance

NASDAQ DOYU opened at $10.31 on Tuesday. DouYu International has a 1-year low of $6.29 and a 1-year high of $20.17. The company has a market capitalization of $326.21 million, a P/E ratio of -26.79 and a beta of 0.95. The business has a 50 day moving average price of $14.40 and a 200 day moving average price of $11.58.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) earnings per share for the quarter. DouYu International had a negative net margin of 2.63% and a negative return on equity of 0.97%. The firm had revenue of $142.01 million during the quarter.

Institutional Investors Weigh In On DouYu International

A number of large investors have recently bought and sold shares of the stock. BRIGHT VALLEY CAPITAL Ltd acquired a new stake in shares of DouYu International during the fourth quarter worth $2,006,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of DouYu International during the first quarter worth $3,750,000. BNP Paribas Financial Markets acquired a new stake in shares of DouYu International during the first quarter worth $34,000. Polunin Capital Partners Ltd acquired a new stake in shares of DouYu International during the second quarter worth $3,526,000. Finally, Headlands Technologies LLC acquired a new stake in shares of DouYu International during the second quarter worth $30,000. Institutional investors and hedge funds 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.