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

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report)'s stock price gapped up prior to trading 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 Price Performance

The business's 50 day moving average price is $3.48 and its 200-day moving average price is $3.51. The company has a market cap of $752.27 million, a P/E ratio of -47.71 and a beta of 0.89.

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

Institutional Trading of HUYA

A number of institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its holdings in HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock worth $439,000 after acquiring an additional 3,545 shares during the period. Vident Advisory LLC boosted 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 purchasing an additional 4,993 shares in the last quarter. Formidable Asset Management LLC boosted its position in shares of HUYA by 7.2% during the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock worth $332,000 after purchasing an additional 7,300 shares in the last quarter. National Bank of Canada FI bought a new position in shares of HUYA during the first quarter worth $32,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of HUYA by 27.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock worth $195,000 after purchasing an additional 13,544 shares in the last quarter. Institutional investors and hedge funds 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.