HUYA (NYSE:HUYA) Trading Down 4.6% – Here’s Why

HUYA Inc. (NYSE:HUYA) traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $2.92 and last traded at $2.93. 949,820 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 1,510,556 shares. The stock had previously closed at $3.07.

Wall Street Analyst Weigh In

HUYA has been the topic of a number of recent research reports. HSBC restated a “hold” rating and issued a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Citigroup lowered their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Finally, Bank of America downgraded HUYA from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, HUYA currently has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Stock Performance

The company’s 50-day moving average is $3.20 and its 200-day moving average is $3.92. The firm has a market cap of $667.80 million, a price-to-earnings ratio of -32.78 and a beta of 0.60.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, analysts predict that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Seldon Capital LP acquired a new stake in shares of HUYA in the third quarter valued at approximately $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in HUYA in the 3rd quarter valued at $61,000. Smith Anglin Financial LLC acquired a new stake in HUYA during the 3rd quarter valued at $73,000. XTX Topco Ltd bought a new position in HUYA during the third quarter worth $90,000. Finally, Quantbot Technologies LP increased its holdings in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.