DouYu International (NASDAQ:DOYU - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.25) by $0.15, Zacks reports. DouYu International had a negative return on equity of 2.92% and a negative net margin of 4.39%. The business had revenue of $130.54 million during the quarter, compared to analysts' expectations of $997.20 million.
DouYu International Price Performance
Shares of NASDAQ:DOYU traded up $0.01 during trading hours on Monday, hitting $6.67. 37,727 shares of the company's stock traded hands, compared to its average volume of 227,538. The business has a fifty day moving average price of $7.01 and a 200-day moving average price of $10.09. DouYu International has a 1 year low of $5.68 and a 1 year high of $20.17. The firm has a market capitalization of $201.29 million, a P/E ratio of -7.58 and a beta of 0.83.
Analyst Ratings Changes
A number of equities analysts have weighed in on DOYU shares. Hsbc Global Res upgraded shares of DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup raised DouYu International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $5.90 to $10.50 in a research note on Tuesday, March 18th. Finally, HSBC raised shares of DouYu International from a "reduce" rating to a "hold" rating in a report on Monday, March 17th.
Read Our Latest Stock Report on DouYu International
Hedge Funds Weigh In On DouYu International
A hedge fund recently bought a new stake in DouYu International stock. Jane Street Group LLC bought a new position in shares of DouYu International Holdings Limited (NASDAQ:DOYU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,962 shares of the company's stock, valued at approximately $508,000. Jane Street Group LLC owned about 0.23% of DouYu International at the end of the most recent quarter. 17.86% of the stock is owned by institutional investors and hedge funds.
About DouYu International
(
Get Free Report)
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.
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