HUYA (NYSE:HUYA) Shares Gap Up - Time to Buy?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.64, but opened at $2.84. HUYA shares last traded at $2.84, with a volume of 875,377 shares.

HUYA Stock Up 7.7%

The business has a 50-day moving average price of $3.49 and a 200-day moving average price of $3.50. The firm has a market capitalization of $742.13 million, a price-to-earnings ratio of -47.21 and a beta of 0.89.

HUYA (NYSE:HUYA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (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 firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $0.39 EPS. The firm's revenue was up .3% on a year-over-year basis. On average, equities research analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

Hedge Funds Weigh In On HUYA

Hedge funds have recently made changes to their positions in the company. National Bank of Canada FI acquired a new position in shares of HUYA in the 1st quarter valued at $32,000. Two Sigma Securities LLC purchased a new stake in HUYA in the fourth quarter valued at $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 valued at $57,000 after purchasing an additional 4,993 shares during the last quarter. Virtu Financial LLC purchased a new stake in HUYA in the first quarter valued at $93,000. Finally, Sei Investments Co. purchased a new stake in HUYA in the fourth quarter valued at $94,000. 23.20% of the stock is owned by institutional investors and hedge funds.

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.