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 note published on Monday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on HUYA. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HUYA has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Stock Performance

NYSE:HUYA opened at $2.29 on Monday. The company has a 50-day moving average of $2.25 and a 200-day moving average of $2.57. HUYA has a 52 week low of $2.02 and a 52 week high of $4.93. The company has a market capitalization of $521.83 million, a price-to-earnings ratio of -38.08 and a beta of 0.78.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. The business had revenue of $256.01 million for the quarter. Sell-side analysts forecast that HUYA will post 0.14 EPS for the current year.

Hedge Funds Weigh In On HUYA

A hedge fund recently bought a new position in HUYA stock. AXQ Capital LP acquired a new position in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,773 shares of the company’s stock, valued at approximately $101,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

About HUYA

HUYA Inc (NYSE: HUYA) operates a game-focused live-streaming platform in China. Through its Huya service, the company enables users to watch and interact with live broadcasts of video games, esports competitions and other entertainment content on computers and mobile devices.

The company provides services for viewers, streamers, game developers and esports organizers. Its offerings include live game broadcasts, esports event coverage, user-generated content, interactive community features and tools that allow creators to produce and distribute livestreams.