HUYA (NYSE:HUYA) Sees Large Volume Increase

HUYA Inc. (NYSE:HUYA - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 843,149 shares were traded during trading, a decline of 44% from the previous session's volume of 1,509,265 shares.The stock last traded at $4.71 and had previously closed at $4.57.

Analyst Upgrades and Downgrades

Separately, Bank of America upgraded HUYA from a "neutral" rating to a "buy" rating and set a $5.80 target price for the company in a report on Monday, March 25th.

HUYA Stock Performance

The firm has a market cap of $1.12 billion, a PE ratio of -42.50 and a beta of 0.59. The stock has a fifty day moving average price of $3.78 and a 200-day moving average price of $3.46.

HUYA Announces Dividend

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

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently bought and sold shares of HUYA. Mercer Global Advisors Inc. ADV acquired a new position in HUYA during the 3rd quarter worth approximately $29,000. Sequoia Financial Advisors LLC acquired a new position in HUYA during the 3rd quarter worth approximately $30,000. Vanguard Personalized Indexing Management LLC acquired a new position in HUYA during the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC lifted its position in HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company's stock worth $33,000 after acquiring an additional 6,791 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in HUYA during the 3rd quarter worth approximately $39,000. 23.20% of the stock is owned by institutional investors and hedge funds.

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.