HUYA (NYSE:HUYA) Reaches New 52-Week Low – Here’s What Happened

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s stock price reached a new 52-week low on Friday . The company traded as low as $2.15 and last traded at $2.2450, with a volume of 374282 shares trading hands. The stock had previously closed at $2.19.

Wall Street Analyst Weigh In

HUYA has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research note on Monday, April 27th. Zacks Research downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HUYA currently has an average rating of “Hold” and an average target price of $3.45.

HUYA Trading Up 2.5%

The company’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $3.25. The firm has a market cap of $501.82 million, a PE ratio of -37.41 and a beta of 0.85.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. The company had revenue of $250.68 million for the quarter, compared to analysts’ expectations of $251.85 million. Equities research analysts expect that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

HUYA announced that its board has approved a share repurchase program on Wednesday, March 18th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On HUYA

An institutional investor recently raised its stake in HUYA stock. Public Employees Retirement System of Ohio raised its stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,295 shares of the company’s stock after purchasing an additional 19,353 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of HUYA worth $817,000 as of its most recent filing with the Securities & Exchange Commission. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.