HUYA (NYSE:HUYA) Stock Price Down 3.7% – Here’s Why

Shares of HUYA Inc. (NYSE:HUYA) were down 3.7% during trading on Monday . The company traded as low as $4.14 and last traded at $4.14. Approximately 352,330 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,508,958 shares. The stock had previously closed at $4.30.

Analysts Set New Price Targets

A number of research firms have issued reports on HUYA. Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and lifted their target price for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th. Finally, HSBC reissued a “hold” rating and issued a $4.70 price target on shares of HUYA in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.38.

HUYA Stock Up 0.5 %

The stock has a market cap of $892.71 million, a price-to-earnings ratio of -38.10 and a beta of 0.60. The stock’s fifty day moving average is $4.46 and its 200-day moving average is $4.55.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.35. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The firm’s revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, equities research analysts predict that HUYA Inc. will post 0.17 earnings per share for the current fiscal year.

HUYA Increases Dividend

The firm also recently declared a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from HUYA’s previous — dividend of $0.64.

Hedge Funds Weigh In On HUYA

Several institutional investors and hedge funds have recently modified their holdings of the business. Bayesian Capital Management LP lifted its stake in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after buying an additional 3,500 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of HUYA by 8.7% during the first quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock worth $494,000 after acquiring an additional 8,680 shares during the period. Smith Anglin Financial LLC bought a new stake in HUYA in the 3rd quarter valued at $73,000. Dimensional Fund Advisors LP lifted its position in HUYA by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after acquiring an additional 21,338 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in HUYA during the 1st quarter worth about $222,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.