HUYA (NYSE:HUYA) Stock Price Up 7% - Still a Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s stock price shot up 7% during mid-day trading on Monday . The stock traded as high as $3.38 and last traded at $3.36. 1,334,488 shares were traded during mid-day trading, a decline of 38% from the average session volume of 2,140,319 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HUYA shares. Daiwa Capital Markets downgraded HUYA from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 18th. Daiwa America cut shares of HUYA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $5.68.

HUYA Price Performance

The stock has a market cap of $754.95 million, a P/E ratio of -37.06 and a beta of 0.73. The stock's 50 day simple moving average is $3.60 and its two-hundred day simple moving average is $3.50.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. As a group, analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's dividend payout ratio is currently -4,766.67%.

Institutional Trading of HUYA

A number of institutional investors have recently made changes to their positions in the business. Amiral Gestion bought a new position in HUYA in the fourth quarter valued at $307,000. Formidable Asset Management LLC boosted its stake in shares of HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock worth $332,000 after buying an additional 7,300 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of HUYA by 2.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock valued at $439,000 after acquiring an additional 3,545 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of HUYA in the fourth quarter valued at about $516,000. Finally, D. E. Shaw & Co. Inc. increased its position in shares of HUYA by 10.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 268,482 shares of the company's stock valued at $824,000 after acquiring an additional 25,521 shares during the last quarter. 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.