DouYu International (NASDAQ:DOYU) Shares to Reverse Split on Thursday, March 28th

DouYu International Holdings Limited (NASDAQ:DOYU) shares are going to reverse split before the market opens on Thursday, March 28th. The 1-10 reverse split was announced on Thursday, March 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, March 28th.

DouYu International Stock Down 1.4 %

NASDAQ DOYU opened at $0.73 on Friday. DouYu International has a 52 week low of $0.65 and a 52 week high of $1.23. The stock has a market capitalization of $233.44 million, a PE ratio of 12.17 and a beta of 1.03. The firm has a 50 day moving average of $0.77 and a two-hundred day moving average of $0.85.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On DouYu International

A number of large investors have recently bought and sold shares of the company. Two Sigma Advisers LP raised its position in DouYu International by 12.7% during the 3rd quarter. Two Sigma Advisers LP now owns 78,300 shares of the company’s stock worth $78,000 after buying an additional 8,800 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DouYu International by 12.8% in the 1st quarter. Geode Capital Management LLC now owns 89,154 shares of the company’s stock valued at $106,000 after purchasing an additional 10,088 shares in the last quarter. HRT Financial LP increased its holdings in shares of DouYu International by 17.0% in the 4th quarter. HRT Financial LP now owns 81,946 shares of the company’s stock valued at $114,000 after purchasing an additional 11,921 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of DouYu International by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 204,344 shares of the company’s stock valued at $243,000 after purchasing an additional 14,596 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of DouYu International by 147.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 26,370 shares of the company’s stock valued at $32,000 after purchasing an additional 15,700 shares in the last quarter. Hedge funds and other institutional investors own 17.96% of the company’s stock.

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.