HUYA (NYSE:HUYA) Shares Break Below 50 Day Moving Average – Time to Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $2.20 and traded as low as $2.15. HUYA shares last traded at $2.1650, with a volume of 568,477 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUYA. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded shares of HUYA from a “sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Citigroup restated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $3.40.

HUYA Stock Down 2.5%

The stock has a market cap of $494.42 million, a P/E ratio of -36.08 and a beta of 0.84. The firm’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.76.

HUYA (NYSE:HUYA) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. The company had revenue of $256.01 million during the quarter. Sell-side analysts predict that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

An institutional investor recently bought a new stake in HUYA stock. Public Employees Retirement System of Ohio purchased a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned about 0.09% of HUYA at the end of the most recent reporting period. Institutional investors own 23.20% of the company’s stock.

About HUYA

HUYA Inc. operates online game livestreaming and interactive entertainment platforms. Its services connect viewers with game streamers and esports events, and include live video, chat and other interactive features, as well as advertising and related services for game publishers and content creators. The company’s flagship platform, Huya Live, serves users in China. HUYA has also used Nimo TV to reach audiences in international markets. The business grew out of the game livestreaming operations of YY, a Chinese social media company, and HUYA became a publicly listed company in 2018.