HUYA (NYSE:HUYA) Shares Up 8% - What's Next?

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report)'s stock price traded up 8% during mid-day trading on Thursday . The company traded as high as $3.29 and last traded at $3.31. 2,585,426 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 1,752,767 shares. The stock had previously closed at $3.06.

HUYA Stock Performance

The business has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.50. The company has a market capitalization of $733.12 million, a price-to-earnings ratio of -46.49 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 (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $207.20 million for the quarter, compared to analyst estimates of $1.37 billion. HUYA had a positive return on equity of 1.82% and a negative net margin of 1.90%. The company's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts predict that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in HUYA in the first quarter valued at $32,000. Two Sigma Securities LLC acquired a new stake in shares of HUYA in the 4th quarter valued at about $43,000. Vident Advisory LLC increased its position in HUYA by 39.5% in the 1st quarter. Vident Advisory LLC now owns 17,624 shares of the company's stock valued at $57,000 after buying an additional 4,993 shares in the last quarter. Virtu Financial LLC bought a new stake in HUYA in the 1st quarter valued at about $93,000. Finally, Sei Investments Co. acquired a new position in HUYA during the 4th quarter worth approximately $94,000. 23.20% of the stock is owned by 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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