DouYu International (NASDAQ:DOYU) Stock Rating Lowered by Hsbc Global Res

DouYu International (NASDAQ:DOYU) was downgraded by research analysts at Hsbc Global Res from a “hold” rating to a “moderate sell” rating in a report released on Tuesday, Zacks.com reports.

Several other equities analysts have also weighed in on DOYU. HSBC lowered shares of DouYu International from a “hold” rating to a “reduce” rating in a report on Tuesday. Citigroup dropped their price target on DouYu International from $6.00 to $5.50 and set a “sell” rating on the stock in a research note on Friday, June 7th.

DouYu International Price Performance

NASDAQ DOYU opened at $9.07 on Tuesday. The stock has a market capitalization of $286.97 million, a P/E ratio of -23.82 and a beta of 0.95. The business has a 50 day simple moving average of $14.68 and a 200 day simple moving average of $11.62. DouYu International has a one year low of $6.29 and a one year high of $20.17.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings data on Thursday, September 12th. The company reported ($0.20) EPS for the quarter. DouYu International had a negative return on equity of 0.97% and a negative net margin of 2.63%. The company had revenue of $142.01 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DOYU. Headlands Technologies LLC bought a new position in DouYu International in the 2nd quarter valued at about $30,000. BNP Paribas Financial Markets bought a new position in shares of DouYu International in the first quarter valued at approximately $34,000. Dimensional Fund Advisors LP boosted its position in shares of DouYu International by 46.0% during the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after buying an additional 50,531 shares during the last quarter. BRIGHT VALLEY CAPITAL Ltd bought a new stake in DouYu International during the fourth quarter worth $2,006,000. Finally, Polunin Capital Partners Ltd bought a new stake in DouYu International during the second quarter worth $3,526,000. 17.86% of the stock is owned by 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.