DouYu International (NASDAQ:DOYU) Trading Up 1.3% – Still a Buy?

Shares of DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) shot up 1.3% during trading on Wednesday . The company traded as high as $6.99 and last traded at $6.84. 41,225 shares traded hands during trading, an increase of 27% from the average session volume of 32,485 shares. The stock had previously closed at $6.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DouYu International in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $7.00.

DouYu International Trading Up 1.3%

The stock’s 50 day moving average is $6.91 and its 200 day moving average is $7.30. The stock has a market capitalization of $206.43 million, a price-to-earnings ratio of -7.77 and a beta of 0.70.

DouYu International (NASDAQ:DOYU) last announced its quarterly earnings results on Thursday, November 20th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $126.31 million for the quarter, compared to the consensus estimate of $128.31 million. DouYu International had a negative net margin of 4.74% and a negative return on equity of 1.57%.

Institutional Trading of DouYu International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in DouYu International in the 1st quarter valued at about $331,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of DouYu International by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,676 shares of the company’s stock worth $408,000 after buying an additional 5,144 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of DouYu International in the first quarter valued at approximately $508,000. Acadian Asset Management LLC raised its position in shares of DouYu International by 549.6% in the first quarter. Acadian Asset Management LLC now owns 395,968 shares of the company’s stock valued at $2,948,000 after buying an additional 335,009 shares during the last quarter. Finally, BRIGHT VALLEY CAPITAL Ltd lifted its stake in shares of DouYu International by 0.8% during the second quarter. BRIGHT VALLEY CAPITAL Ltd now owns 1,107,389 shares of the company’s stock valued at $7,176,000 after buying an additional 8,901 shares during the period. 17.86% of the stock is currently owned by hedge funds and other institutional investors.

About DouYu International

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.