HUYA (NYSE:HUYA) Stock Falls 0.2% – Here’s Why

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares were down 0.2% during trading 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 daily volume of 640,548 shares. The stock had previously closed at $2.23.

Analyst Ratings Changes

Several brokerages have issued reports on HUYA. Weiss Ratings cut shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded shares of HUYA from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Citigroup reissued a “buy” rating on shares of HUYA in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

HUYA Stock Performance

The firm’s 50 day moving average price is $2.21 and its two-hundred day moving average price is $2.86. The company has a market cap of $479.35 million, a P/E ratio of -34.98 and a beta of 0.78.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $256.01 million for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. As a group, analysts forecast that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Trading of HUYA

A hedge fund recently bought a new stake in HUYA stock. Public Employees Retirement System of Ohio bought a new stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned approximately 0.09% of HUYA at the end of the most recent reporting period. 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.