Shares of DouYu International Holdings Limited (NASDAQ:DOYU) dropped 6.4% on Thursday . The stock traded as low as $7.36 and last traded at $7.61, approximately 922,209 shares changed hands during mid-day trading. A decline of 34% from the average daily volume of 1,405,632 shares. The stock had previously closed at $8.13.
Separately, Zacks Investment Research upgraded shares of DouYu International from a “hold” rating to a “strong-buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. DouYu International has a consensus rating of “Buy” and an average price target of $9.29.
The business has a 50 day moving average price of $7.31 and a two-hundred day moving average price of $7.80.
DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.54. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.98 billion. DouYu International had a return on equity of 3.17% and a net margin of 0.60%. The business’s revenue for the quarter was up 77.8% on a year-over-year basis. As a group, analysts anticipate that DouYu International Holdings Limited will post 0.37 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in shares of DouYu International during the first quarter valued at approximately $44,000. Tower Research Capital LLC TRC purchased a new stake in DouYu International in the fourth quarter worth $62,000. Bank of Montreal Can purchased a new stake in DouYu International in the fourth quarter worth $64,000. Jane Street Group LLC purchased a new stake in DouYu International in the fourth quarter worth $85,000. Finally, Engineers Gate Manager LP purchased a new stake in DouYu International in the first quarter worth $69,000. 14.01% of the stock is owned by hedge funds and other institutional investors.
DouYu International Company Profile (NASDAQ:DOYU)
DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.
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