HUYA (NYSE:HUYA – Get Free Report) was downgraded by analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday,Finviz reports.
HUYA Stock Performance
Shares of NYSE:HUYA traded down $0.83 during trading on Tuesday, hitting $3.72. The company’s stock had a trading volume of 8,415,976 shares, compared to its average volume of 1,462,533. The business has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $3.69. The company has a market capitalization of $840.97 million, a PE ratio of -41.17 and a beta of 0.72. HUYA has a fifty-two week low of $2.82 and a fifty-two week high of $6.84.
Hedge Funds Weigh In On HUYA
Several large investors have recently bought and sold shares of the business. Vontobel Holding Ltd. purchased a new position in shares of HUYA during the fourth quarter worth about $140,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of HUYA during the fourth quarter worth about $371,000. FMR LLC grew its holdings in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares during the last quarter. WCM Investment Management LLC grew its holdings in shares of HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of HUYA during the third quarter worth about $90,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.
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.
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