HUYA (NYSE:HUYA) Shares Gap Up - Should You Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.05, but opened at $2.22. HUYA shares last traded at $2.28, with a volume of 2,775,898 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Daiwa Capital Markets lowered 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, HUYA has a consensus rating of "Hold" and an average price target of $4.57.

HUYA Price Performance

The firm has a 50-day simple moving average of $3.75 and a 200 day simple moving average of $3.55. The company has a market capitalization of $520.28 million, a PE ratio of 44.00 and a beta of 0.88.

HUYA (NYSE:HUYA - Get Free Report) last released 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. HUYA had a positive return on equity of 1.82% and a negative net margin of 1.90%. The company had revenue of $207.20 million for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $0.39 earnings per share. The firm's revenue was up .3% compared to the same quarter last year. Equities research analysts expect that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in HUYA by 0.9% in the first quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company's stock valued at $9,835,000 after purchasing an additional 27,582 shares during the period. Caxton Associates LLP purchased a new stake in shares of HUYA during the first quarter worth about $1,264,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock worth $497,000 after acquiring an additional 14,456 shares during the last quarter. Vident Advisory LLC increased its position in shares of 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 acquiring an additional 4,993 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of HUYA during the first quarter worth about $325,000. 23.20% of the stock is owned by hedge funds and other 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.