DouYu International (NASDAQ:DOYU) Shares Gap Down to $18.75

DouYu International Holdings Limited (NASDAQ:DOYU) gapped down before the market opened on Thursday . The stock had previously closed at $18.75, but opened at $17.70. DouYu International shares last traded at $17.16, with a volume of 33,193 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DOYU shares. Hsbc Global Res upgraded DouYu International from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup cut their price objective on DouYu International from $6.00 to $5.50 and set a “sell” rating for the company in a research report on Friday, June 7th. Finally, HSBC raised shares of DouYu International from a “reduce” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Wednesday, July 3rd.

DouYu International Price Performance

The firm has a market cap of $566.60 million, a PE ratio of -45.16 and a beta of 0.94. The business has a fifty day moving average price of $15.47 and a two-hundred day moving average price of $10.85.

DouYu International (NASDAQ:DOYU) last released its earnings results on Wednesday, June 5th. The company reported ($0.37) earnings per share for the quarter. The business had revenue of $144.00 million for the quarter. DouYu International had a negative net margin of 1.35% and a positive return on equity of 0.62%.

Institutional Investors Weigh In On DouYu International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in DouYu International in the first quarter valued at approximately $3,750,000. BNP Paribas Financial Markets bought a new stake in DouYu International during the first quarter valued at about $34,000. Dimensional Fund Advisors LP grew its position in shares of DouYu International by 46.0% in the second quarter. Dimensional Fund Advisors LP now owns 160,276 shares of the company’s stock valued at $1,761,000 after purchasing an additional 50,531 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of DouYu International during the 2nd quarter worth about $30,000. Finally, Polunin Capital Partners Ltd acquired a new position in shares of DouYu International during the 2nd quarter worth about $3,526,000. Hedge funds and other institutional investors own 17.86% of the company’s stock.

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.