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

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

Analyst Upgrades and Downgrades

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

HUYA Stock Up 0.5%

The company has a market capitalization of $837.86 million, a PE ratio of -53.14 and a beta of 0.82. The company's 50 day moving average is $3.71 and its two-hundred day moving average is $3.53.

HUYA (NYSE:HUYA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. HUYA had a positive return on equity of 1.82% and a negative net margin of 1.90%. The firm had revenue of $207.20 million for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business's revenue was up .3% compared to the same quarter last year. Analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

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

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.