DouYu International (NASDAQ:DOYU) Trading 1.2% Higher – Should You Buy?

DouYu International Holdings Limited Sponsored ADR (NASDAQ:DOYU) shares shot up 1.2% during mid-day trading on Thursday . The company traded as high as $5.01 and last traded at $4.96. 42,564 shares were traded during trading, a decline of 19% from the average session volume of 52,696 shares. The stock had previously closed at $4.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of DouYu International in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, DouYu International presently has an average rating of “Reduce” and an average price target of $7.00.

DouYu International Stock Up 6.5%

The stock has a market cap of $159.35 million, a PE ratio of -6.00 and a beta of 0.78. The firm has a 50 day moving average price of $6.28 and a 200 day moving average price of $6.93.

Institutional Trading of DouYu International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of DouYu International by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 162,659 shares of the company’s stock valued at $1,106,000 after acquiring an additional 15,589 shares during the period. New York State Common Retirement Fund bought a new stake in DouYu International during the fourth quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in DouYu International by 2.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,000 shares of the company’s stock valued at $526,000 after purchasing an additional 1,801 shares during the last quarter. Citadel Advisors LLC bought a new position in DouYu International in the third quarter worth about $283,000. Finally, Bank of America Corp DE lifted its position in shares of DouYu International by 9.7% during the third quarter. Bank of America Corp DE now owns 140,241 shares of the company’s stock valued at $1,055,000 after buying an additional 12,453 shares during the last quarter. Institutional investors own 17.86% of the company’s stock.

About DouYu International

DouYu International Holdings Limited, listed on NASDAQ under the ticker DOYU, is a leading Chinese live streaming service primarily focused on video game entertainment. The company’s platform connects gamers, content creators and viewers through real-time video streams, interactive chat rooms and virtual gifting features. DouYu’s service offers broadcasts of popular esports tournaments, gaming walkthroughs and user-generated live content, catering to a broad audience of gaming enthusiasts.

In addition to gaming streams, DouYu has expanded its offerings to include non-gaming content such as talent shows, lifestyle programs and professional esports events, enabling a diversified content mix.