DouYu International (NASDAQ:DOYU) Shares Down 0.9% - Should You Sell?

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Get Free Report)'s stock price dropped 0.9% during mid-day trading on Monday . The stock traded as low as $6.43 and last traded at $6.48. Approximately 14,686 shares were traded during trading, a decline of 93% from the average daily volume of 221,545 shares. The stock had previously closed at $6.54.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Hsbc Global Res raised DouYu International from a "moderate sell" rating to a "hold" rating in a research report on Monday, March 17th. Citigroup decreased their target price on DouYu International from $10.50 to $7.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Finally, HSBC raised DouYu International from a "reduce" rating to a "hold" rating in a research report on Monday, March 17th.

DouYu International Trading Up 7.6%

The company has a 50 day simple moving average of $6.85 and a 200 day simple moving average of $9.23. The stock has a market capitalization of $223.15 million, a PE ratio of -5.69 and a beta of 0.70.

DouYu International (NASDAQ:DOYU - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.15. DouYu International had a negative net margin of 6.85% and a negative return on equity of 4.12%. The company had revenue of $130.54 million for the quarter, compared to the consensus estimate of $997.20 million.

Hedge Funds Weigh In On DouYu International

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of DouYu International in the first quarter worth $76,000. Headlands Technologies LLC increased its stake in shares of DouYu International by 3,409.1% in the fourth quarter. Headlands Technologies LLC now owns 6,948 shares of the company's stock worth $78,000 after acquiring an additional 6,750 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DouYu International by 15.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,439 shares of the company's stock worth $78,000 after acquiring an additional 1,426 shares during the last quarter. Jump Financial LLC acquired a new position in shares of DouYu International in the fourth quarter worth $114,000. Finally, XTX Topco Ltd increased its stake in shares of DouYu International by 120.2% in the first quarter. XTX Topco Ltd now owns 23,024 shares of the company's stock worth $172,000 after acquiring an additional 12,568 shares during the last quarter. 17.86% of the stock is owned by institutional investors and hedge funds.

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.