DouYu International (NASDAQ:DOYU) Trading Down 0.2% – Should You Sell?

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU)’s share price dropped 0.2% during trading on Monday . The stock traded as low as $4.62 and last traded at $4.70. Approximately 8,847 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 14,238 shares. The stock had previously closed at $4.71.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered DouYu International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. One research analyst has 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 company currently has a consensus rating of “Reduce” and a consensus target price of $7.00.

DouYu International Trading Down 3.3%

The company has a 50-day simple moving average of $4.91 and a 200 day simple moving average of $5.98. The firm has a market cap of $140.64 million, a PE ratio of -35.84 and a beta of 0.85.

DouYu International (NASDAQ:DOYU) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.13. The business had revenue of $131.32 million for the quarter, compared to analyst estimates of $122.78 million. DouYu International had a positive return on equity of 2.04% and a negative net margin of 0.73%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DOYU. New York State Common Retirement Fund acquired a new position in shares of DouYu International during the 4th quarter worth approximately $28,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of DouYu International during the 3rd quarter worth approximately $43,000. BNP Paribas Financial Markets raised its stake 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 worth $83,000 after buying an additional 3,749 shares during the period. Athos Capital Ltd raised its stake in shares of DouYu International by 8.2% during the 3rd quarter. Athos Capital Ltd now owns 21,563 shares of the company’s stock worth $162,000 after buying an additional 1,638 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of DouYu International during the 3rd quarter worth approximately $283,000. 17.86% of the stock is owned by institutional investors and hedge funds.

DouYu International Company Profile

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.