HUYA (NYSE:HUYA) Stock Price Up 8.5% – Here’s Why

HUYA Inc. (NYSE:HUYA) traded up 8.5% during mid-day trading on Monday . The stock traded as high as $3.69 and last traded at $3.69. 284,791 shares were traded during trading, a decline of 81% from the average session volume of 1,526,444 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

HUYA has been the topic of several research analyst reports. Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and raised their price objective for the stock from $2.40 to $6.00 in a research note on Wednesday, August 14th. Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, HSBC reissued a “hold” rating and issued a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.38.

HUYA Trading Down 2.5 %

The company has a market cap of $868.23 million, a P/E ratio of -37.25 and a beta of 0.60. The company’s 50-day moving average price is $4.28 and its two-hundred day moving average price is $4.46.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. Equities analysts forecast that HUYA Inc. will post 0.15 earnings per share for the current year.

HUYA Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a dividend of $1.06 per share. This is an increase from HUYA’s previous — dividend of $0.64. The ex-dividend date was Wednesday, October 9th.

Institutional Investors Weigh In On HUYA

A number of institutional investors have recently bought and sold shares of HUYA. Bayesian Capital Management LP grew its position in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of HUYA by 8.7% in the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock valued at $494,000 after buying an additional 8,680 shares in the last quarter. Smith Anglin Financial LLC bought a new stake in HUYA in the third quarter worth approximately $73,000. Dimensional Fund Advisors LP boosted its holdings in HUYA by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after purchasing an additional 21,338 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of HUYA in the first quarter worth about $222,000. 23.20% of the stock is currently 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.