HUYA (NYSE:HUYA) Shares Down 3.7% – Time to Sell?

HUYA Inc. (NYSE:HUYA) was down 3.7% on Monday . The company traded as low as $4.14 and last traded at $4.14. Approximately 352,330 shares were traded during trading, a decline of 77% from the average daily volume of 1,508,958 shares. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

HUYA has been the topic of several research analyst reports. HSBC restated a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday. Citigroup upgraded shares of HUYA from a “sell” rating to a “buy” rating and lifted their price target for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.38.

HUYA Trading Down 4.4 %

The company’s 50-day moving average is $4.47 and its 200 day moving average is $4.56. The firm has a market cap of $957.97 million, a PE ratio of -43.00 and a beta of 0.60.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s quarterly revenue was down 16.1% on a year-over-year basis. On average, research analysts predict that HUYA Inc. will post 0.17 EPS for the current fiscal year.

HUYA Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be issued a dividend of $1.06 per share. This is a positive change from HUYA’s previous — dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of HUYA by 18.7% in the fourth quarter. Wellington Management Group LLP now owns 392,380 shares of the company’s stock valued at $1,436,000 after acquiring an additional 61,888 shares during the period. BNP Paribas Financial Markets increased its stake in HUYA by 8.7% during the first quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock valued at $494,000 after acquiring an additional 8,680 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in HUYA in the first quarter worth $222,000. Acadian Asset Management LLC lifted its holdings in shares of HUYA by 45.0% during the 1st quarter. Acadian Asset Management LLC now owns 526,746 shares of the company’s stock worth $2,393,000 after acquiring an additional 163,406 shares during the period. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of HUYA by 125.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 5,145,125 shares of the company’s stock worth $23,410,000 after acquiring an additional 2,860,000 shares during the period. 23.20% of the stock is currently owned by institutional investors.

About HUYA

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.