DouYu International (NASDAQ:DOYU) Releases Earnings Results, Hits Expectations

DouYu International (NASDAQ:DOYU) announced its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02), reports. The firm had revenue of $182.53 million for the quarter. DouYu International had a return on equity of 2.27% and a net margin of 0.61%.

DouYu International Price Performance

Shares of DOYU opened at $0.70 on Thursday. DouYu International has a 12 month low of $0.65 and a 12 month high of $1.23. The stock has a market cap of $223.88 million, a PE ratio of 70.08 and a beta of 1.03. The stock’s 50-day moving average is $0.76 and its two-hundred day moving average is $0.84.

Hedge Funds Weigh In On DouYu International

A number of institutional investors and hedge funds have recently bought and sold shares of DOYU. JPMorgan Chase & Co. acquired a new position in DouYu International in the 1st quarter worth $171,000. Dimensional Fund Advisors LP boosted its stake in DouYu International by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,276,425 shares of the company’s stock valued at $2,657,000 after acquiring an additional 100,140 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of DouYu International in the 1st quarter worth about $39,000. Vanguard Group Inc. grew its stake in DouYu International by 0.4% in the first quarter. Vanguard Group Inc. now owns 5,375,653 shares of the company’s stock worth $11,181,000 after purchasing an additional 21,837 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of DouYu International by 13.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,396,199 shares of the company’s stock worth $2,904,000 after acquiring an additional 164,458 shares in the last quarter. Hedge funds and other institutional investors own 17.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of DouYu International in a research report on Thursday, December 7th.

DouYu International Company Profile

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.