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

DouYu International (NASDAQ:DOYU) announced its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, hitting the consensus estimate 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 Stock Down 2.1 %

NASDAQ:DOYU opened at $0.70 on Thursday. DouYu International has a 52 week low of $0.65 and a 52 week high of $1.23. The firm has a 50 day moving average of $0.76 and a 200 day moving average of $0.84. The stock has a market capitalization of $223.88 million, a price-to-earnings ratio of 70.08 and a beta of 1.03.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On DouYu International

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of DouYu International in the first quarter worth $171,000. Dimensional Fund Advisors LP raised its holdings in shares of DouYu International by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,276,425 shares of the company’s stock worth $2,657,000 after buying an additional 100,140 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of DouYu International in the first quarter worth $39,000. Vanguard Group Inc. raised its holdings in shares of DouYu International by 0.4% in the first quarter. Vanguard Group Inc. now owns 5,375,653 shares of the company’s stock worth $11,181,000 after buying an additional 21,837 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of DouYu International by 13.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,396,199 shares of the company’s stock worth $2,904,000 after buying an additional 164,458 shares during the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.