DouYu International (NASDAQ:DOYU) Shares Down 0.8% – Here’s Why

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) shares were down 0.8% during trading on Wednesday . The stock traded as low as $4.82 and last traded at $4.87. Approximately 19,423 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 20,129 shares. The stock had previously closed at $4.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $7.00.

DouYu International Stock Performance

The stock has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $6.26. The firm has a market cap of $144.86 million, a PE ratio of -36.92 and a beta of 0.87.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $131.32 million for the quarter, compared to analysts’ expectations of $122.78 million. DouYu International had a negative net margin of 0.73% and a positive return on equity of 2.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DOYU. New York State Common Retirement Fund purchased a new stake in shares of DouYu International in the 4th quarter worth approximately $28,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International in the 3rd quarter worth approximately $43,000. BNP Paribas Financial Markets increased its position in DouYu International by 41.5% during the second quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock valued at $83,000 after acquiring an additional 3,749 shares during the last quarter. Athos Capital Ltd increased its position in shares of DouYu International by 8.2% during the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock valued at $162,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of DouYu International during the 3rd quarter worth $283,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.