HUYA (NYSE:HUYA) Shares Gap Up – Should You Buy?

Shares of HUYA Inc. (NYSE:HUYA) gapped up before the market opened on Friday . The stock had previously closed at $3.21, but opened at $3.31. HUYA shares last traded at $3.23, with a volume of 651,014 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Daiwa America lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Down 1.1 %

The firm has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $3.68. The firm has a market capitalization of $718.73 million, a PE ratio of -35.28 and a beta of 0.72.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA’s dividend payout ratio is -4,900.00%.

Hedge Funds Weigh In On HUYA

A number of institutional investors and hedge funds have recently modified their holdings of HUYA. WCM Investment Management LLC grew its holdings in shares of HUYA by 4,396.5% in the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after acquiring an additional 2,790,696 shares during the period. FMR LLC grew its holdings in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares during the period. Bank of America Corp DE grew its holdings in shares of HUYA by 19.7% in the fourth quarter. Bank of America Corp DE now owns 995,747 shares of the company’s stock worth $3,057,000 after acquiring an additional 164,112 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after acquiring an additional 302,988 shares during the period. Finally, Monolith Management Ltd bought a new stake in shares of HUYA in the fourth quarter worth $2,144,000. 23.20% of the stock is currently owned by hedge funds and other 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.