DouYu International Holdings Limited (NASDAQ:DOYU) has been given a consensus rating of “Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $12.00.
Several equities research analysts have weighed in on DOYU shares. 86 Research upgraded shares of DouYu International to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, September 3rd. Zacks Investment Research cut shares of DouYu International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. Citigroup started coverage on shares of DouYu International in a research report on Monday, August 12th. They issued a “buy” rating for the company. HSBC started coverage on shares of DouYu International in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Finally, Bank of America started coverage on shares of DouYu International in a research note on Monday, August 12th. They issued a “buy” rating on the stock.
DOYU traded down $0.25 during midday trading on Friday, hitting $7.78. The company had a trading volume of 538,135 shares, compared to its average volume of 1,778,086. DouYu International has a twelve month low of $7.01 and a twelve month high of $11.88. The firm has a 50-day moving average price of $8.06.
A hedge fund recently bought a new stake in DouYu International stock. Dean Capital Investments Management LLC bought a new stake in DouYu International Holdings Limited (NASDAQ:DOYU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 52,174 shares of the company’s stock, valued at approximately $427,000. Institutional investors own 0.03% of the company’s stock.
About DouYu International
DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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