JPMorgan Chase & Co. lowered shares of DouYu International (NASDAQ:DOYU) from an overweight rating to a neutral rating in a research report sent to investors on Wednesday morning, AR Network reports.

Several other analysts have also issued reports on DOYU. BidaskClub cut shares of DouYu International from a buy rating to a hold rating in a research note on Thursday, October 1st. 86 Research lowered DouYu International to a hold rating and set a $16.00 price objective for the company. in a research note on Thursday, August 13th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. DouYu International presently has an average rating of Buy and an average target price of $10.69.

NASDAQ DOYU opened at $15.28 on Wednesday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 63.67 and a beta of 1.76. The stock has a 50-day moving average of $15.16 and a 200 day moving average of $11.48. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.01. DouYu International has a twelve month low of $6.11 and a twelve month high of $17.85.

DouYu International (NASDAQ:DOYU) last posted its quarterly earnings data on Monday, August 10th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.95. DouYu International had a return on equity of 8.41% and a net margin of 6.84%. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The business’s revenue was up 34.0% compared to the same quarter last year. Equities analysts predict that DouYu International will post 0.52 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. acquired a new position in DouYu International during the first quarter worth about $44,000. CWM LLC acquired a new position in shares of DouYu International during the 2nd quarter worth approximately $58,000. Royal Bank of Canada boosted its holdings in shares of DouYu International by 32.2% during the 1st quarter. Royal Bank of Canada now owns 9,000 shares of the company’s stock worth $58,000 after purchasing an additional 2,191 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of DouYu International in the first quarter valued at approximately $69,000. Finally, Bank of Montreal Can increased its holdings in shares of DouYu International by 22.2% in the second quarter. Bank of Montreal Can now owns 7,902 shares of the company’s stock valued at $108,000 after purchasing an additional 1,434 shares during the last quarter. 12.85% of the stock is currently owned by hedge funds and other institutional investors.

DouYu International Company Profile

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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