HUYA (NYSE:HUYA) Hits New 1-Year Low – Here’s What Happened

HUYA Inc. (NYSE:HUYA) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $2.88 and last traded at $2.89, with a volume of 1326795 shares traded. The stock had previously closed at $3.02.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Citigroup cut their price target on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. HSBC restated a “hold” rating and set a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Finally, Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, HUYA has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Price Performance

The firm has a market capitalization of $651.95 million, a PE ratio of -32.00 and a beta of 0.62. The firm has a fifty day moving average price of $3.13 and a 200 day moving average price of $3.88.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in HUYA during the 3rd quarter valued at approximately $711,000. Main Management ETF Advisors LLC bought a new stake in shares of HUYA in the third quarter valued at about $1,017,000. XTX Topco Ltd acquired a new stake in HUYA during the third quarter worth about $90,000. Wellington Management Group LLP lifted its position in shares of HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after acquiring an additional 11,054 shares during the period. Finally, Athos Capital Ltd grew its holdings in shares of HUYA by 9.5% during the 3rd quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock worth $649,000 after purchasing an additional 11,000 shares in 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.