DouYu International (NASDAQ:DOYU) Stock Price Up 1.7% - Here's What Happened

Key Points

• DouYu shares rose 1.7% to $3.65 in Friday trading, though volume was 63% below the average session level.
• Analyst sentiment remains cautious: the stock has a consensus rating of “Reduce”, with one Hold and one Sell rating and a $5.00 average price target.
• Renaissance Technologies increased its DouYu stake by 7% during the first quarter, while institutional investors collectively owned 17.86% of the company.

Shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Get Free Report) were up 1.7% on Friday. The company traded as high as $3.68 and last traded at $3.65. 12,503 shares were traded during mid-day trading, a decline of 63% from the average session volume of 33,699 shares. The stock had previously closed at $3.59.

Analyst Upgrades and Downgrades

DOYU has been the topic of several research reports. Weiss Ratings restated a "sell (d)" rating on shares of DouYu International in a research report on Monday, August 31st. Citigroup lowered their price objective on shares of DouYu International from $5.20 to $5.00 and set a "neutral" rating for the company in a research report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $5.00.

DouYu International Stock Up 1.7%

The company's 50 day moving average price is $4.30 and its two-hundred day moving average price is $4.60. The firm has a market cap of $110.16 million, a PE ratio of -22.81 and a beta of 0.82.

Institutional Trading of DouYu International

An institutional investor recently raised its position in DouYu International stock. Renaissance Technologies LLC grew its holdings in shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 124,426 shares of the company's stock after buying an additional 8,088 shares during the quarter. Renaissance Technologies LLC owned 0.41% of DouYu International worth $625,000 at the end of the most recent reporting period. Institutional investors own 17.86% of the company's stock.

DouYu International Company Profile

DouYu International Holdings Limited operates a game-centric live-streaming platform in China under the DouYu brand. Its platform enables users to watch and interact with live broadcasts of video games, esports competitions, entertainment programs and other content through websites and mobile applications.

The company generates revenue through services including virtual gifts, subscriptions, advertising and related promotional activities. DouYu also supports esports content and events, provides creators with tools to produce and distribute live content, and offers interactive features that connect streamers with viewers and online communities.

DouYu was established in 2014 and is headquartered in Wuhan, China.

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