HUYA (NYSE:HUYA) Shares Down 4.5%

HUYA Inc. (NYSE:HUYA)’s share price traded down 4.5% during trading on Wednesday . The stock traded as low as $4.79 and last traded at $4.86. 806,168 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 1,441,435 shares. The stock had previously closed at $5.09.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised HUYA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $3.00 to $9.00 in a report on Monday, May 20th. Citigroup raised HUYA from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $2.40 to $6.00 in a report on Wednesday. Finally, Morgan Stanley upgraded HUYA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th.

HUYA Price Performance

The stock has a market capitalization of $1.11 billion, a P/E ratio of -48.00 and a beta of 0.56. The stock has a fifty day moving average price of $4.29 and a 200 day moving average price of $4.32.

HUYA (NYSE:HUYA) last issued its earnings results on Monday, May 13th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. HUYA had a positive return on equity of 0.59% and a negative net margin of 2.67%. The business had revenue of $208.31 million during the quarter. Research analysts anticipate that HUYA Inc. will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in HUYA by 306.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock worth $33,000 after purchasing an additional 6,791 shares in the last quarter. Bayesian Capital Management LP increased its holdings in shares of HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares during the period. Headlands Technologies LLC purchased a new stake in shares of HUYA in the second quarter worth $205,000. Susquehanna Fundamental Investments LLC bought a new stake in HUYA during the first quarter valued at $222,000. Finally, Commonwealth Equity Services LLC purchased a new position in HUYA during the second quarter worth about $291,000. 23.20% of the stock is currently owned by institutional investors.

HUYA Company Profile

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.