DouYu International (NASDAQ:DOYU) Trading Down 1.8% - Time to Sell?

Key Points

• DouYu International's shares have decreased by 1.8%, trading around $7.29, with an average session volume increase of 4%.
• Weiss Ratings reiterated a "sell (d-)" rating for DouYu, with a consensus target price of $7.00.
• In their recent earnings report, DouYu International reported an EPS of $0.12, outperforming analysts' estimates and showing significant revenue of $147.11 million.

Shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Get Free Report) traded down 1.8% during mid-day trading on Tuesday . The company traded as low as $7.26 and last traded at $7.29. 72,256 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 69,388 shares. The stock had previously closed at $7.42.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of DouYu International in a report on Saturday, September 27th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $7.00.

DouYu International Stock Performance

The business has a 50-day moving average price of $7.76 and a 200 day moving average price of $7.30. The stock has a market capitalization of $220.01 million, a P/E ratio of -8.01 and a beta of 0.49.

DouYu International (NASDAQ:DOYU - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.20. DouYu International had a negative return on equity of 3.32% and a negative net margin of 4.73%.The business had revenue of $147.11 million during the quarter, compared to analysts' expectations of $970.58 million.

Institutional Investors Weigh In On DouYu International

Several institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in DouYu International during the 1st quarter valued at about $76,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DouYu International by 15.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,439 shares of the company's stock valued at $78,000 after buying an additional 1,426 shares during the period. Headlands Technologies LLC lifted its holdings in shares of DouYu International by 59.2% during the 1st quarter. Headlands Technologies LLC now owns 11,059 shares of the company's stock valued at $83,000 after buying an additional 4,111 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of DouYu International by 41.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,790 shares of the company's stock valued at $83,000 after buying an additional 3,749 shares during the period. Finally, XTX Topco Ltd increased its position in DouYu International by 120.2% during the first quarter. XTX Topco Ltd now owns 23,024 shares of the company's stock valued at $172,000 after acquiring an additional 12,568 shares during the last quarter. 17.86% of the stock is owned by hedge funds and other institutional investors.

About DouYu International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.