DouYu International (NASDAQ:DOYU) Hits New 12-Month High at $13.59

DouYu International Holdings Limited (NASDAQ:DOYU) reached a new 52-week high during trading on Monday . The company traded as high as $13.59 and last traded at $13.38, with a volume of 31511 shares changing hands. The stock had previously closed at $11.91.

A number of research analysts have commented on DOYU shares. Zacks Investment Research raised shares of DouYu International from a “hold” rating to a “strong-buy” rating and set a $8.75 target price on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised shares of DouYu International from a “neutral” rating to an “overweight” rating and set a $11.00 price objective on the stock in a research report on Wednesday, May 27th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $9.89.

The business’s 50 day moving average is $9.68 and its 200 day moving average is $8.31. The company has a market capitalization of $4.04 billion and a price-to-earnings ratio of 115.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.30 and a current ratio of 4.30.

DouYu International (NASDAQ:DOYU) last released its earnings results on Tuesday, May 26th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.87. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.12 billion. DouYu International had a net margin of 3.50% and a return on equity of 6.55%. DouYu International’s revenue for the quarter was up 53.0% compared to the same quarter last year. Sell-side analysts predict that DouYu International Holdings Limited will post 0.43 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in DOYU. JPMorgan Chase & Co. boosted its stake in DouYu International by 258.4% in the 1st quarter. JPMorgan Chase & Co. now owns 3,458,740 shares of the company’s stock worth $22,171,000 after purchasing an additional 2,493,590 shares in the last quarter. Norges Bank acquired a new stake in DouYu International during the 4th quarter valued at approximately $5,600,000. Krane Funds Advisors LLC lifted its stake in DouYu International by 32.9% during the 1st quarter. Krane Funds Advisors LLC now owns 2,044,101 shares of the company’s stock valued at $13,103,000 after acquiring an additional 505,494 shares during the period. Deutsche Bank AG acquired a new stake in DouYu International during the 1st quarter valued at approximately $1,941,000. Finally, Sylebra Capital Ltd lifted its stake in DouYu International by 7.2% during the 4th quarter. Sylebra Capital Ltd now owns 3,366,428 shares of the company’s stock valued at $28,514,000 after acquiring an additional 227,257 shares during the period. Institutional investors own 11.26% of the company’s stock.

About DouYu International (NASDAQ:DOYU)

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

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