Wall Street Zen Upgrades HUYA (NYSE:HUYA) to “Hold”

HUYA (NYSE:HUYA) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

HUYA has been the topic of several other reports. Weiss Ratings lowered HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Stock Down 0.2%

Shares of HUYA opened at $2.06 on Friday. The company’s fifty day moving average is $2.27 and its 200-day moving average is $2.67. HUYA has a 12 month low of $2.02 and a 12 month high of $4.93. The firm has a market cap of $471.58 million, a price-to-earnings ratio of -34.41 and a beta of 0.88.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $256.01 million during the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. As a group, research analysts predict that HUYA will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of HUYA

An institutional investor recently bought a new position in HUYA stock. Public Employees Retirement System of Ohio bought a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned 0.09% of HUYA at the end of the most recent reporting period. Institutional investors and hedge funds own 23.20% of the company’s stock.

About HUYA

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.