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

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU)’s share price rose 1.7% during trading on Friday. The stock 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 Ratings Changes

DOYU has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DouYu International in a research note on Monday, August 31st. Citigroup decreased their target price on 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 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.com, DouYu International has an average rating of “Reduce” and an average target price of $5.00.

DouYu International Stock Performance

The company has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $4.60. The firm has a market capitalization of $110.16 million, a PE ratio of -22.81 and a beta of 0.82.

Institutional Investors Weigh In On DouYu International

A hedge fund recently raised its position in DouYu International stock. Bank of America Corp DE increased its holdings in shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) by 10.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,669 shares of the company’s stock after purchasing an additional 15,116 shares during the period. Bank of America Corp DE owned 0.53% of DouYu International worth $802,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 17.86% of the company’s stock.

About DouYu International

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.