HUYA (NYSE:HUYA) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of HUYA (NYSE:HUYA) from a hold rating to a sell rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

HUYA has been the topic of a number of other reports. Weiss Ratings downgraded shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. One equities research 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.com, HUYA currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.45.

HUYA Trading Down 1.1%

Shares of NYSE HUYA opened at $2.33 on Friday. The company has a market capitalization of $533.24 million, a price-to-earnings ratio of -38.91 and a beta of 0.88. HUYA has a twelve month low of $2.02 and a twelve month high of $4.93. The business has a 50 day simple moving average of $2.26 and a 200-day simple moving average of $2.62.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in HUYA stock. AXQ Capital LP purchased a new stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 43,773 shares of the company’s stock, valued at approximately $101,000. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.