DouYu International (NASDAQ:DOYU) Raised to Hold at HSBC

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

DouYu International Price Performance

NASDAQ DOYU opened at $8.45 on Monday. DouYu International has a 12 month low of $6.29 and a 12 month high of $20.17. The company has a market capitalization of $267.32 million, a P/E ratio of -9.60 and a beta of 1.00. The company’s 50 day simple moving average is $12.26 and its 200 day simple moving average is $11.04.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data 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 company also recently disclosed a — dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, February 10th were paid a dividend of $9.94 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a positive change from DouYu International’s previous — dividend of $9.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC grew its position in DouYu International by 57.7% during the third quarter. FMR LLC now owns 1,859,521 shares of the company’s stock valued at $20,139,000 after purchasing an additional 680,659 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of DouYu International by 61.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,616 shares of the company’s stock valued at $137,000 after acquiring an additional 4,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DouYu International by 88.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,402 shares of the company’s stock worth $145,000 after acquiring an additional 6,302 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of DouYu International during the third quarter worth $5,968,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in DouYu International during the third quarter valued at $42,000. 17.86% of the stock is owned by hedge funds and other institutional investors.

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.