HUYA (NYSE:HUYA) Shares Up 5%

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price was up 5% during trading on Monday . The stock traded as high as $5.30 and last traded at $5.25. Approximately 1,437,355 shares were traded during trading, a decline of 7% from the average daily volume of 1,543,407 shares. The stock had previously closed at $5.00.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised shares of HUYA from a "neutral" rating to a "buy" rating and set a $5.80 target price on the stock in a research note on Monday, March 25th.

HUYA Stock Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -46.36 and a beta of 0.59. The company's 50 day simple moving average is $3.89 and its 200 day simple moving average is $3.52.

HUYA Dividend Announcement

The business also recently announced a -- dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.64 per share. The ex-dividend date of this dividend is Thursday, May 9th.

Hedge Funds Weigh In On HUYA

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company's stock valued at $33,000 after purchasing an additional 6,791 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of HUYA during the 3rd quarter valued at about $29,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of HUYA during the 3rd quarter valued at about $30,000. Sequoia Financial Advisors LLC bought a new position in shares of HUYA during the 3rd quarter valued at about $30,000. Finally, QRG Capital Management Inc. bought a new position in shares of HUYA during the 3rd quarter valued at about $39,000. 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.