HUYA (NYSE:HUYA) Trading Up 8% - Should You Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report)'s share price shot up 8% during mid-day trading on Thursday . The stock traded as high as $3.29 and last traded at $3.31. 2,585,426 shares changed hands during 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 company has a market capitalization of $875.02 million, a P/E ratio of -55.49 and a beta of 0.89. The business has a 50 day moving average of $3.48 and a 200-day moving average of $3.52.

HUYA (NYSE:HUYA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the business posted $0.39 earnings per share. The firm's revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in HUYA by 27.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock worth $195,000 after acquiring an additional 13,544 shares during the last quarter. Sei Investments Co. bought a new position in HUYA in the fourth quarter valued at about $94,000. Norges Bank bought a new position in shares of HUYA in the fourth quarter worth about $282,000. Barclays PLC purchased a new position in HUYA during the 4th quarter valued at approximately $431,000. Finally, Jump Financial LLC bought a new stake in shares of HUYA during the 4th quarter worth approximately $129,000. Institutional investors 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.