HUYA (NYSE:HUYA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of HUYA (NYSE:HUYA) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

HUYA has been the subject of several other reports. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $3.45.

HUYA Stock Performance

HUYA opened at $2.24 on Friday. HUYA has a 52-week low of $2.02 and a 52-week high of $4.93. The firm has a market cap of $511.55 million, a P/E ratio of -37.33 and a beta of 0.88. The business’s fifty day moving average is $2.27 and its 200-day moving average is $2.66.

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 positive return on equity of 0.20% and a negative net margin of 1.59%.The business had revenue of $256.01 million during the quarter. On average, research analysts predict that HUYA will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HUYA

A hedge fund recently bought a new position in HUYA stock. AXQ Capital LP bought a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,773 shares of the company’s stock, valued at approximately $101,000. 23.20% of the stock is currently owned by institutional investors.

About HUYA

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.