DouYu International (NASDAQ:DOYU) Cut to “Sell” at Citigroup

DouYu International (NASDAQ:DOYUGet Rating) was downgraded by equities researchers at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, MarketBeat reports. They presently have a $1.10 price target on the stock. Citigroup’s target price would suggest a potential downside of 4.35% from the stock’s current price.

DouYu International Stock Up 1.8 %

Shares of DOYU opened at $1.15 on Monday. The stock has a 50 day simple moving average of $1.10 and a two-hundred day simple moving average of $1.22. DouYu International has a 1 year low of $0.90 and a 1 year high of $3.06.

Institutional Trading of DouYu International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in DouYu International in the first quarter valued at approximately $34,000. Sequoia Financial Advisors LLC bought a new stake in DouYu International in the first quarter valued at approximately $39,000. UBS Asset Management Americas Inc. lifted its position in DouYu International by 147.1% in the second 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 during the last quarter. Northern Trust Corp lifted its position in DouYu International by 205.1% in the second quarter. Northern Trust Corp now owns 43,309 shares of the company’s stock valued at $52,000 after purchasing an additional 29,113 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of DouYu International during the first quarter valued at approximately $96,000. Institutional investors own 19.14% of the company’s stock.

About DouYu International

(Get Rating)

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.

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