HUYA (NYSE:HUYA) Stock Price Up 0.2% – Here’s Why

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) traded up 0.2% during mid-day trading on Friday . The company traded as high as $2.53 and last traded at $2.4750. 845,013 shares traded hands during trading, a decline of 41% from the average session volume of 1,443,103 shares. The stock had previously closed at $2.47.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Morgan Stanley set a $3.40 price target on shares of HUYA in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.45.

HUYA Price Performance

The stock’s fifty day moving average price is $2.93 and its 200-day moving average price is $3.28. The firm has a market cap of $553.24 million, a price-to-earnings ratio of -41.24 and a beta of 0.85.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. The firm had revenue of $250.68 million for the quarter, compared to analyst estimates of $251.85 million. As a group, equities research analysts predict that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

HUYA Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, June 17th. HUYA’s dividend payout ratio (DPR) is -2,583.33%.

HUYA announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On HUYA

An institutional investor recently raised its position in HUYA stock. Public Employees Retirement System of Ohio lifted its stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,295 shares of the company’s stock after acquiring an additional 19,353 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of HUYA worth $817,000 as of its most recent filing with the Securities and Exchange Commission. 23.20% of the stock is currently owned by institutional investors.

HUYA Company Profile

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.