HUYA (NYSE:HUYA) Stock Falls 0.2% - Here's What Happened

Key Points

• HUYA shares slipped 0.2% to $2.2250 in light trading, with volume down 38% from the average session level.
• Analyst sentiment remains mixed, but the stock carries a consensus “Moderate Buy” rating and an average price target of $3.45, well above its current price.
• HUYA reported quarterly revenue of $256.01 million and earnings of $0.02 per share; institutional investors own 23.20% of the company, including a new 190,599-share position from Ohio’s public employees’ retirement system.

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Get Free Report) dropped 0.2% on Monday. The company traded as low as $2.18 and last traded at $2.2250. Approximately 396,730 shares were traded during mid-day trading, a decline of 38% from the average session volume of 640,548 shares. The stock had previously closed at $2.23.

Analysts Set New Price Targets

A number of research firms have commented on HUYA. Citigroup reiterated a "buy" rating on shares of HUYA in a report on Wednesday, August 12th. Weiss Ratings lowered shares of HUYA from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, October 21st. Finally, Wall Street Zen raised shares of HUYA from a "sell" rating to a "hold" rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $3.45.

HUYA Trading Down 0.2%

The stock's fifty day moving average price is $2.21 and its two-hundred day moving average price is $2.86. The firm has a market capitalization of $508.12 million, a price-to-earnings ratio of -37.08 and a beta of 0.78.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. HUYA had a positive return on equity of 0.20% and a negative net margin of 1.59%. The business had revenue of $256.01 million for the quarter. Analysts anticipate that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HUYA

A hedge fund recently bought a new stake in HUYA stock. Public Employees Retirement System of Ohio bought a new position in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 190,599 shares of the company's stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned 0.09% of HUYA at the end of the most recent quarter. Hedge funds and other institutional investors own 23.20% of the company's stock.

About HUYA

HUYA Inc NYSE: HUYA operates a game-focused live-streaming platform in China. Its services enable users to watch and interact with live broadcasts of video games, esports competitions, and other entertainment content through websites and mobile applications.

The company generates revenue primarily from virtual gifts and other user engagement features, as well as advertising, game-related services, and additional content and platform offerings. HUYA also supports esports events and provides tools for streamers and content creators to produce and distribute live content.

HUYA was established in 2014 after being developed within the YY platform and has built its business primarily around the Chinese market.

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