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

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s share price rose 0.2% during mid-day trading on Friday . The company traded as high as $2.41 and last traded at $2.4050. 399,816 shares were traded during mid-day trading, a decline of 24% from the average session volume of 527,992 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

Several research firms have commented on HUYA. Weiss Ratings cut HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 25th. Zacks Research cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.45.

HUYA Stock Performance

The firm’s 50-day simple moving average is $2.52 and its 200 day simple moving average is $3.17. The stock has a market capitalization of $537.59 million, a P/E ratio of -40.08 and a beta of 0.84.

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

Institutional Trading of HUYA

An institutional investor recently raised its position in HUYA stock. Public Employees Retirement System of Ohio raised its position in HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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.