HUYA (NYSE:HUYA) Shares Up 4% - Time to Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price rose 4% during trading on Wednesday . The stock traded as high as $3.75 and last traded at $3.80. Approximately 474,302 shares changed hands during trading, a decline of 71% from the average daily volume of 1,622,471 shares. The stock had previously closed at $3.65.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUYA. Daiwa America downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 18th. Daiwa Capital Markets lowered shares of HUYA from an "outperform" rating to a "neutral" rating in a research report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.57.

HUYA Stock Performance

The stock has a 50 day simple moving average of $3.48 and a 200 day simple moving average of $3.44. The stock has a market cap of $851.38 million, a P/E ratio of -42.00 and a beta of 0.81.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm had revenue of $207.20 million during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned $0.39 EPS. The company's revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's dividend payout ratio is presently -2,042.86%.

Institutional Investors Weigh In On HUYA

A number of large investors have recently added to or reduced their stakes in HUYA. Acadian Asset Management LLC grew its position in shares of HUYA by 0.9% in the 1st quarter. Acadian Asset Management LLC now owns 3,067,145 shares of the company's stock worth $9,835,000 after buying an additional 27,582 shares during the last quarter. Caxton Associates LLP purchased a new stake in HUYA during the first quarter valued at $1,264,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in HUYA by 10.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company's stock valued at $497,000 after buying an additional 14,456 shares during the last quarter. Vident Advisory LLC raised its stake 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 buying an additional 4,993 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in HUYA in the 1st quarter worth $325,000. Hedge funds and other institutional investors own 23.20% of the company's stock.

About HUYA

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.