DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU – Get Free Report) fell 0.2% during mid-day trading on Monday . The stock traded as low as $4.62 and last traded at $4.70. 8,847 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 14,238 shares. The stock had previously closed at $4.71.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded shares of DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $7.00.
View Our Latest Stock Report on DOYU
DouYu International Stock Down 0.2%
DouYu International (NASDAQ:DOYU – Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. DouYu International had a positive return on equity of 2.04% and a negative net margin of 0.73%.The company had revenue of $131.32 million for the quarter, compared to analyst estimates of $122.78 million.
Institutional Investors Weigh In On DouYu International
Large investors have recently modified their holdings of the company. New York State Common Retirement Fund acquired a new position in DouYu International in the fourth quarter valued at $28,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in DouYu International during the third quarter valued at $43,000. BNP Paribas Financial Markets grew its holdings in DouYu International by 41.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company’s stock worth $83,000 after acquiring an additional 3,749 shares during the period. Athos Capital Ltd raised its position in shares of DouYu International by 8.2% in the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock worth $162,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of DouYu International in the 3rd quarter worth about $283,000. 17.86% of the stock is currently owned by institutional investors and hedge funds.
DouYu International Company Profile
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.
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