HUYA (NYSE:HUYA) Stock Price Down 4.3% – What’s Next?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) traded down 4.3% during mid-day trading on Monday . The company traded as low as $3.27 and last traded at $3.2650. 115,133 shares changed hands during trading, a decline of 95% from the average session volume of 2,201,200 shares. The stock had previously closed at $3.41.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Monday, December 29th. Morgan Stanley set a $3.40 target price on HUYA in a research report on Wednesday, February 25th. Finally, Zacks Research downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HUYA currently has a consensus rating of “Hold” and an average price target of $3.45.

HUYA Stock Up 1.4%

The firm has a market cap of $736.54 million, a PE ratio of -54.91 and a beta of 1.01. The firm has a 50-day moving average price of $3.73 and a two-hundred day moving average price of $3.31.

HUYA (NYSE:HUYA) last released its earnings results on Sunday, February 15th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $248.48 million during the quarter. HUYA had a negative net margin of 1.77% and a positive return on equity of 0.50%. Research analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current fiscal year.

HUYA declared that its board has authorized a stock repurchase plan on Wednesday, March 18th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock valued at $497,000 after purchasing an additional 14,456 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock valued at $817,000 after purchasing an additional 19,353 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after purchasing an additional 41,138 shares during the last quarter. Institutional investors and hedge funds 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.