HUYA (NYSE:HUYA) Sees Strong Trading Volume - Should You Buy?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) saw strong trading volume on Wednesday . 1,817,942 shares traded hands during mid-day trading, an increase of 14% from the previous session's volume of 1,593,946 shares.The stock last traded at $4.06 and had previously closed at $3.75.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Daiwa America lowered HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $4.57.

HUYA Trading Up 0.7%

The stock has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.52. The firm has a market capitalization of $850.25 million, a P/E ratio of -54.06 and a beta of 0.82.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $1.37 billion. HUYA had a negative net margin of 1.90% and a positive return on equity of 1.82%. The company's revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts expect that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in HUYA during the first quarter worth $32,000. Two Sigma Securities LLC purchased a new stake in HUYA in the fourth quarter valued at about $43,000. Vident Advisory LLC boosted its holdings in HUYA by 39.5% in the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock worth $57,000 after acquiring an additional 4,993 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of HUYA during the first quarter valued at about $93,000. Finally, Sei Investments Co. purchased a new position in shares of HUYA in the fourth quarter worth $94,000. 23.20% of the stock is owned by institutional investors.

HUYA Company Profile

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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