HUYA (NYSE:HUYA) Trading Down 4.9% – Time to Sell?

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) were down 4.9% during trading on Friday . The stock traded as low as $2.42 and last traded at $2.5670. Approximately 697,257 shares were traded during trading, a decline of 59% from the average daily volume of 1,718,880 shares. The stock had previously closed at $2.70.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Monday, April 27th. Zacks Research lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Morgan Stanley set a $3.40 price target on HUYA in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell 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 $3.45.

HUYA Price Performance

The firm has a 50 day simple moving average of $3.16 and a two-hundred day simple moving average of $3.30. The stock has a market cap of $557.71 million, a price-to-earnings ratio of -41.58 and a beta of 0.94.

HUYA (NYSE:HUYA) last released its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. The company had revenue of $250.68 million during the quarter, compared to analyst estimates of $251.85 million. On average, sell-side analysts expect that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

HUYA Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. HUYA’s dividend payout ratio is presently -4,766.67%.

HUYA declared that its board has authorized a stock repurchase plan on Wednesday, March 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On HUYA

Several large investors have recently modified their holdings of HUYA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after acquiring an additional 14,456 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after acquiring an additional 41,138 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after acquiring an additional 19,353 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.