DouYu International (NASDAQ:DOYU) Posts Earnings Results

DouYu International (NASDAQ:DOYU) released its quarterly earnings results on Monday. The company reported $0.12 EPS for the quarter, Zacks reports. DouYu International had a negative return on equity of 4.12% and a negative net margin of 6.85%.

DouYu International Stock Performance

Shares of DOYU stock opened at $7.22 on Monday. The company has a market cap of $217.90 million, a P/E ratio of -5.55 and a beta of 0.68. The stock has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $8.13. DouYu International has a fifty-two week low of $5.68 and a fifty-two week high of $20.17.

Institutional Investors Weigh In On DouYu International

A number of hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake 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 buying an additional 3,749 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of DouYu International by 10.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after purchasing an additional 5,144 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of DouYu International by 19.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 93,588 shares of the company’s stock valued at $606,000 after buying an additional 15,128 shares during the last quarter. Sei Investments Co. boosted its position in shares of DouYu International by 342.9% during the second quarter. Sei Investments Co. now owns 77,188 shares of the company’s stock valued at $500,000 after buying an additional 59,761 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of DouYu International during the first quarter valued at approximately $508,000. 17.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their target price on DouYu International from $10.50 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, May 27th.

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.