DouYu Stock Bullish Momentum With A 22.94% Rise On Thursday

(VIANEWS) – The NASDAQ ended the session with DouYu jumping 22.94% to $0.90 on Thursday, following the last session’s downward trend. NASDAQ slid 0.03% to $15,095.14, after four consecutive sessions in a row of gains, on what was a somewhat bearish trend exchanging session today.

DouYu’s last close was $0.73, 65.66% below its 52-week high of $2.12.

About DouYu

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. The company also sponsors professional players and teams, and organizes eSports tournaments. In addition, it streams other content to include a spectrum of live streaming entertainment options, such as talent shows, music, outdoor, and travel. Further, the company records and offers video clips to allow users to watch replays of selective live streaming content. DouYu International Holdings Limited was founded in 2014 and is headquartered in Wuhan, the People's Republic of China.

Earnings Per Share

As for profitability, DouYu has a trailing twelve months EPS of $0.06.

PE Ratio

DouYu has a trailing twelve months price to earnings ratio of 14.92. Meaning, the purchaser of the share is investing $14.92 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 2.08%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, DouYu’s stock is considered to be oversold (<=20).

More news about DouYu (DOYU).

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