DouYu International (NASDAQ:DOYU) Releases Quarterly Earnings Results, Meets Expectations

DouYu International (NASDAQ:DOYU) posted its earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02), reports. DouYu International had a net margin of 0.61% and a return on equity of 2.27%. The firm had revenue of $182.53 million during the quarter.

DouYu International Price Performance

DOYU opened at $0.70 on Thursday. The business’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.84. DouYu International has a 1 year low of $0.65 and a 1 year high of $1.23. The firm has a market capitalization of $223.88 million, a PE ratio of 70.08 and a beta of 1.03.

Hedge Funds Weigh In On DouYu International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of DouYu International in the first quarter valued at about $27,000. UBS Asset Management Americas Inc. increased its holdings in shares of DouYu International by 147.1% in the second quarter. UBS Asset Management Americas Inc. now owns 26,370 shares of the company’s stock valued at $32,000 after purchasing an additional 15,700 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of DouYu International in the first quarter valued at about $34,000. Sequoia Financial Advisors LLC acquired a new stake in DouYu International during the fourth quarter worth about $37,000. Finally, Envestnet Asset Management Inc. purchased a new position in DouYu International during the third quarter worth about $48,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of DouYu International in a report on Thursday, December 7th.

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.