HUYA (NYSE:HUYA) Shares Down 6.8% - Time to Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) was down 6.8% during mid-day trading on Friday . The company traded as low as $3.60 and last traded at $3.61. Approximately 914,952 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,619,843 shares. The stock had previously closed at $3.87.

Analyst Ratings Changes

Several analysts recently commented on HUYA shares. Daiwa Capital Markets cut shares of HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $4.57.

HUYA Stock Performance

The company has a 50 day moving average of $3.70 and a 200 day moving average of $3.53. The firm has a market cap of $804.75 million, a P/E ratio of -51.06 and a beta of 0.82.

HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $207.20 million during 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 for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, analysts expect that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On HUYA

Several institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in shares of HUYA during the 1st quarter valued at about $32,000. Two Sigma Securities LLC bought a new stake in HUYA during the fourth quarter worth approximately $43,000. Vident Advisory LLC boosted its position in HUYA by 39.5% during the first quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock worth $57,000 after purchasing an additional 4,993 shares during the period. Virtu Financial LLC acquired a new position in HUYA during the first quarter valued at approximately $93,000. Finally, Sei Investments Co. bought a new position in shares of HUYA in the fourth quarter valued at approximately $94,000. 23.20% of the stock is currently 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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