HUYA (NYSE:HUYA) Trading Down 2.8% - Time to Sell?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s stock price fell 2.8% during trading on Tuesday . The company traded as low as $3.25 and last traded at $3.26. 158,532 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,676,496 shares. The stock had previously closed at $3.35.

Analyst Ratings Changes

A number of analysts have issued reports 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 downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.68.

HUYA Price Performance

The company has a market cap of $754.95 million, a PE ratio of -37.06 and a beta of 0.73. The firm's 50 day moving average is $3.60 and its 200 day moving average is $3.50.

HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that HUYA Inc. will post 0.16 EPS for the current year.

HUYA Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's dividend payout ratio is presently -4,766.67%.

Institutional Trading of HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Public Employees Retirement System of Ohio raised its position in HUYA by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after purchasing an additional 3,545 shares in the last quarter. Smith Anglin Financial LLC raised its holdings in shares of HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock valued at $56,000 after buying an additional 4,002 shares in the last quarter. Formidable Asset Management LLC lifted its position in HUYA by 7.2% in the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock worth $332,000 after buying an additional 7,300 shares during the last quarter. Wellington Management Group LLP boosted its stake in HUYA by 11.9% in the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company's stock worth $530,000 after buying an additional 11,054 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in HUYA by 27.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock valued at $195,000 after acquiring an additional 13,544 shares during the last quarter. 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.