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

Key Points

• HUYA Inc. shares gapped up from $3.28 to $3.38 before trading at $3.41, with recent trading volume at 477,209 shares.
• The company has a market capitalization of $736.20 million and a PE ratio of -36.83, indicating potential for volatility.
• Hedge funds have increased their stakes in HUYA, with notable positions lifted, including a 327.0% increase by Loomis Sayles & Co. L P in the second quarter.

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - ) gapped up before the market opened on Monday . The stock had previously closed at $3.28, but opened at $3.38. HUYA shares last traded at $3.41, with a volume of 477,209 shares changing hands.

HUYA Stock Up 0.9%

The company has a market capitalization of $736.20 million, a PE ratio of -36.83 and a beta of 0.82. The business's 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.53.

Institutional Trading of HUYA

A number of hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock worth $439,000 after purchasing an additional 3,545 shares in the last quarter. Vident Advisory LLC lifted its position in shares of 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. Formidable Asset Management LLC lifted its position in shares of HUYA by 7.2% in 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. Loomis Sayles & Co. L P lifted its position in shares of HUYA by 327.0% in the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company's stock worth $36,000 after purchasing an additional 7,867 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of HUYA in the first quarter worth approximately $32,000. 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.

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