HUYA (NYSE:HUYA) Trading 8.3% Higher – Time to Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s stock price shot up 8.3% on Friday . The company traded as high as $2.94 and last traded at $3.0330. 271,938 shares were traded during trading, a decline of 84% from the average session volume of 1,733,744 shares. The stock had previously closed at $2.80.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Hsbc Global Res raised HUYA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Zacks Research raised HUYA to a “hold” rating in a research note on Monday, September 8th. HSBC upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3.50.

HUYA Stock Performance

The stock has a market cap of $662.41 million, a PE ratio of -32.94 and a beta of 0.78. The business’s fifty day moving average price is $2.91 and its 200-day moving average price is $3.26.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $215.93 million for the quarter, compared to analysts’ expectations of $1.69 billion. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HUYA

Institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new position in shares of HUYA in the first quarter worth about $32,000. Loomis Sayles & Co. L P increased its holdings in HUYA by 327.0% in the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after acquiring an additional 7,867 shares during the last quarter. Vident Advisory LLC lifted its position in shares of HUYA by 39.5% in the first quarter. Vident Advisory LLC now owns 17,624 shares of the company’s stock worth $57,000 after buying an additional 4,993 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of HUYA during the 1st quarter worth approximately $93,000. Finally, Nuveen LLC purchased a new stake in HUYA during the first quarter valued at $220,000. 23.20% of the stock is 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.