HUYA (NYSE:HUYA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) saw strong trading volume on Tuesday . 4,708,555 shares traded hands during trading, an increase of 88% from the previous session’s volume of 2,510,586 shares.The stock last traded at $4.2720 and had previously closed at $3.57.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Hsbc Global Res raised shares of HUYA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 29th. Finally, HSBC raised shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3.50.

HUYA Trading Down 3.1%

The firm has a market capitalization of $932.74 million, a P/E ratio of -46.38 and a beta of 0.80. The stock’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $3.21.

HUYA (NYSE:HUYA) last released its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $215.93 million during the quarter, compared to analyst estimates of $1.69 billion. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.HUYA’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. On average, equities research analysts expect that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P increased its holdings in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock worth $36,000 after buying an additional 7,867 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of HUYA by 92.1% during the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after purchasing an additional 41,138 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HUYA by 10.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after purchasing an additional 14,456 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in HUYA by 10.4% in the second quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company’s stock valued at $795,000 after purchasing an additional 21,273 shares during the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.