HUYA (NYSE:HUYA) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of HUYA (NYSE:HUYA) from a hold rating to a sell rating in a research report report published on Sunday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Citigroup reissued a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.45.

HUYA Trading Up 0.2%

Shares of HUYA opened at $2.31 on Friday. The firm has a market cap of $526.39 million, a PE ratio of -38.41 and a beta of 0.88. The firm has a fifty day simple moving average of $2.26 and a two-hundred day simple moving average of $2.63. HUYA has a 1-year low of $2.02 and a 1-year high of $4.93.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HUYA stock. AXQ Capital LP acquired a new stake in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 43,773 shares of the company’s stock, valued at approximately $101,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.