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

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

Analyst Upgrades and Downgrades

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

DouYu International Stock Down 0.8%

The business’s fifty day moving average price is $4.56 and its 200 day moving average price is $4.74. The firm has a market capitalization of $140.94 million, a PE ratio of -29.19 and a beta of 0.91.

Institutional Trading of DouYu International

A hedge fund recently raised its position in DouYu International stock. Bank of America Corp DE raised its holdings in DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) by 10.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 159,669 shares of the company’s stock after acquiring an additional 15,116 shares during the period. Bank of America Corp DE owned 0.53% of DouYu International worth $802,000 at the end of the most recent reporting period. 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 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.