HUYA (NYSE:HUYA) Trading Up 6% – Here’s Why

HUYA Inc. (NYSE:HUYA) traded up 6% during mid-day trading on Tuesday . The stock traded as high as $4.14 and last traded at $4.13. 850,499 shares were traded during trading, a decline of 35% from the average session volume of 1,315,901 shares. The stock had previously closed at $3.89.

Analyst Ratings Changes

Separately, Citigroup decreased their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HUYA presently has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Trading Up 9.1 %

The company has a market capitalization of $960.95 million, a P/E ratio of -47.17 and a beta of 0.72. The stock’s fifty day moving average is $3.53 and its 200 day moving average is $3.68.

Hedge Funds Weigh In On HUYA

Several hedge funds and other institutional investors have recently modified their holdings of HUYA. WCM Investment Management LLC bought a new stake in shares of HUYA in the third quarter worth about $322,000. GSA Capital Partners LLP grew its position in shares of HUYA by 71.1% in the 3rd quarter. GSA Capital Partners LLP now owns 406,612 shares of the company’s stock worth $2,074,000 after buying an additional 168,926 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of HUYA in the 3rd quarter worth approximately $61,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of HUYA by 146.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock valued at $2,322,000 after buying an additional 270,701 shares during the period. Finally, Seldon Capital LP bought a new position in shares of HUYA during the third quarter valued at approximately $51,000. 23.20% of the stock is owned by institutional investors.

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.