HUYA (NYSE:HUYA) Shares Gap Down - Should You Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.89, but opened at $3.76. HUYA shares last traded at $3.69, with a volume of 2,711,452 shares changing hands.

HUYA Trading Up 0.7%

The firm's fifty day moving average price is $3.48 and its 200 day moving average price is $3.52. The firm has a market capitalization of $825.47 million, a PE ratio of -52.35 and a beta of 0.89.

HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. HUYA had a negative net margin of 1.90% and a positive return on equity of 1.82%. The business 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 company posted $0.39 EPS. HUYA's revenue was up .3% on a year-over-year basis. As a group, research analysts expect that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in shares of HUYA in the 1st quarter valued at $32,000. Two Sigma Securities LLC bought a new stake in HUYA in the fourth quarter worth $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 purchasing an additional 4,993 shares in the last quarter. Virtu Financial LLC bought a new stake in HUYA in the first quarter worth $93,000. Finally, Sei Investments Co. bought a new stake in HUYA in the fourth quarter worth $94,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

About HUYA

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.