HUYA (NYSE:HUYA) Shares Down 4.9% – Should You Sell?

Shares of HUYA Inc. (NYSE:HUYA) dropped 4.9% during mid-day trading on Tuesday . The company traded as low as $3.31 and last traded at $3.32. Approximately 225,307 shares traded hands during trading, a decline of 85% from the average daily volume of 1,546,482 shares. The stock had previously closed at $3.49.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HUYA shares. Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. HSBC restated a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Citigroup dropped their target price on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Bank of America cut shares of HUYA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $5.80 to $4.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.68.

HUYA Trading Down 3.2 %

The business has a fifty day simple moving average of $3.68 and a two-hundred day simple moving average of $4.12. The company has a market cap of $787.82 million, a PE ratio of -38.83 and a beta of 0.60.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was down 7.6% on a year-over-year basis. Equities analysts expect that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUYA. Acadian Asset Management LLC increased its position in shares of HUYA by 526.0% during the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after purchasing an additional 2,770,594 shares in the last quarter. FMR LLC grew its stake in HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares during the last quarter. Millennium Management LLC acquired a new position in HUYA during the second quarter worth approximately $5,197,000. Polunin Capital Partners Ltd purchased a new stake in HUYA in the second quarter valued at approximately $5,166,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of HUYA in the second quarter valued at approximately $2,052,000. Institutional investors and hedge funds 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.