DouYu International Holdings Limited (NASDAQ:DOYU) Plans Dividend Increase – $9.94 Per Share

DouYu International Holdings Limited (NASDAQ:DOYU) declared a — dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Monday, February 10th will be paid a dividend of 9.94 per share on Thursday, February 20th. The ex-dividend date is Monday, February 10th. This is an increase from DouYu International’s previous — dividend of $9.71.

DouYu International Stock Down 1.4 %

NASDAQ:DOYU traded down $0.22 during trading hours on Tuesday, hitting $15.70. 227,587 shares of the company traded hands, compared to its average volume of 278,334. The firm’s 50-day simple moving average is $11.37 and its 200-day simple moving average is $12.56. DouYu International has a one year low of $6.29 and a one year high of $20.17. The company has a market cap of $496.75 million, a PE ratio of -17.84 and a beta of 0.95.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DOYU shares. HSBC cut DouYu International from a “hold” rating to a “reduce” rating in a research note on Tuesday, September 24th. Hsbc Global Res cut DouYu International from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, September 24th.

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.