DouYu International (NASDAQ:DOYU) Stock Price Down 1.3% – Here’s What Happened

Shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) were down 1.3% during trading on Monday . The stock traded as low as $4.50 and last traded at $4.65. 19,628 shares were traded during trading, a decline of 40% from the average daily volume of 32,483 shares. The stock had previously closed at $4.71.

Analyst Ratings Changes

DOYU has been the subject of a number of analyst reports. Citigroup started coverage on shares of DouYu International in a research note on Friday, May 29th. They set a “neutral” rating and a $5.20 price objective for the company. Weiss Ratings upgraded shares of DouYu International from a “sell (e+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, DouYu International currently has an average rating of “Reduce” and an average target price of $5.20.

DouYu International Stock Performance

The stock has a fifty day simple moving average of $4.85 and a 200 day simple moving average of $5.56. The firm has a market cap of $136.71 million, a P/E ratio of 12.58 and a beta of 0.86.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. DouYu International had a return on equity of 4.60% and a net margin of 2.11%.The firm had revenue of $119.20 million for the quarter, compared to the consensus estimate of $127.06 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in DouYu International during the 1st quarter valued at $508,000. GSA Capital Partners LLP bought a new stake in shares of DouYu International in the third quarter worth $492,000. Sei Investments Co. increased its position in 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 acquiring an additional 59,761 shares during the last quarter. Citadel Advisors LLC purchased a new stake in DouYu International during the third quarter valued at $283,000. Finally, Dimensional Fund Advisors LP lifted its holdings in DouYu International by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 162,659 shares of the company’s stock valued at $1,106,000 after acquiring an additional 15,589 shares during the period. 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.