HUYA (NYSE:HUYA) Shares Gap Down – Here’s What Happened

Shares of HUYA Inc. (NYSE:HUYA) gapped down before the market opened on Tuesday . The stock had previously closed at $4.54, but opened at $4.30. HUYA shares last traded at $3.74, with a volume of 2,317,939 shares traded.

HUYA Stock Down 16.2 %

The stock has a market capitalization of $861.35 million, a PE ratio of -42.28 and a beta of 0.72. The stock’s 50-day moving average is $3.68 and its 200 day moving average is $3.69.

Hedge Funds Weigh In On HUYA

A number of hedge funds have recently modified their holdings of HUYA. Amiral Gestion acquired a new stake in HUYA during the fourth quarter valued at $307,000. Formidable Asset Management LLC raised its stake in shares of HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after purchasing an additional 7,300 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock valued at $439,000 after buying an additional 3,545 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of HUYA in the 4th quarter valued at approximately $516,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in HUYA by 10.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company’s stock worth $824,000 after buying an additional 25,521 shares during the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

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.