DouYu International (NASDAQ:DOYU) Trading Down 0.8% – Here’s What Happened

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU)’s stock price was down 0.8% during trading on Wednesday . The company traded as low as $4.60 and last traded at $4.67. 16,871 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 29,670 shares. The stock had previously closed at $4.71.

Analyst Ratings Changes

DOYU has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of DouYu International in a research report on Monday, August 31st. Citigroup lowered their price target on DouYu International from $5.20 to $5.00 and set a “neutral” rating for the company in a report on Monday, August 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $5.00.

DouYu International Trading Down 0.8%

The firm has a market capitalization of $140.94 million, a PE ratio of -29.19 and a beta of 0.91. The firm has a 50-day moving average of $4.56 and a two-hundred day moving average of $4.74.

Hedge Funds Weigh In On DouYu International

A hedge fund recently raised its stake in DouYu International stock. Bank of America Corp DE lifted its position 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 Form 13F filing with the Securities and Exchange Commission. 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 about 0.53% of DouYu International worth $802,000 as of its most recent SEC filing. 17.86% of the stock is currently owned by institutional investors and hedge funds.

About DouYu International

DouYu International Holdings Limited operates a game-centric live-streaming platform in China through its website and mobile applications. The company enables users to watch and participate in live broadcasts focused primarily on video games and esports, while also offering entertainment and other interactive content.

DouYu’s platform connects streamers, viewers, game developers and advertisers. Its services include live game streaming, esports tournament coverage, interactive chat and community features, and content-related services.