DouYu International (NASDAQ:DOYU) Rating Increased to Hold at HSBC

HSBC upgraded shares of DouYu International (NASDAQ:DOYU) from a reduce rating to a hold rating in a report published on Monday morning, Marketbeat reports.

DouYu International Price Performance

Shares of DouYu International stock opened at $9.35 on Monday. The stock has a market capitalization of $295.80 million, a P/E ratio of -10.63 and a beta of 1.00. The business’s 50 day simple moving average is $12.35 and its two-hundred day simple moving average is $11.13. DouYu International has a one year low of $6.29 and a one year high of $20.17.

DouYu International (NASDAQ:DOYU) last announced its earnings results on Friday, March 14th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($2.18) by $1.87. The company had revenue of $155.65 million during the quarter, compared to the consensus estimate 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 firm also recently announced a — dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 10th were issued a dividend of $9.94 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from DouYu International’s previous — dividend of $9.71.

Hedge Funds Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Athos Capital Ltd grew its stake in DouYu International by 9.3% in the third quarter. Athos Capital Ltd now owns 19,925 shares of the company’s stock worth $216,000 after purchasing an additional 1,700 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DouYu International by 8.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,532 shares of the company’s stock worth $555,000 after purchasing an additional 3,815 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in DouYu International in the third quarter worth $42,000. Advisors Preferred LLC purchased a new stake in DouYu International in the fourth quarter worth $51,000. Finally, BNP Paribas Financial Markets grew its stake in DouYu International by 61.4% in the third quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock worth $137,000 after purchasing an additional 4,800 shares during the period. Institutional investors own 17.86% of the company’s stock.

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.