HUYA (NYSE:HUYA) Stock Price Up 8.5% – Here’s Why

HUYA Inc. (NYSE:HUYA)’s share price rose 8.5% on Monday . The company traded as high as $3.69 and last traded at $3.69. Approximately 284,791 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 1,526,444 shares. The stock had previously closed at $3.40.

Analyst Ratings Changes

A number of research analysts have recently commented on HUYA shares. HSBC reaffirmed a “hold” rating and set a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Citigroup raised HUYA from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $2.40 to $6.00 in a report on Wednesday, August 14th. Finally, Hsbc Global Res downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, HUYA currently has an average rating of “Moderate Buy” and a consensus price target of $6.38.

HUYA Price Performance

The firm has a 50 day simple moving average of $4.28 and a 200-day simple moving average of $4.46. The stock has a market capitalization of $868.23 million, a price-to-earnings ratio of -37.25 and a beta of 0.60.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.35. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that HUYA Inc. will post 0.15 earnings per share for the current fiscal year.

HUYA Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were given a dividend of $1.06 per share. This is a boost from HUYA’s previous — dividend of $0.64. The ex-dividend date of this dividend was Wednesday, October 9th.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently made changes to their positions in the business. Smith Anglin Financial LLC acquired a new position in HUYA in the third quarter valued at about $73,000. Bayesian Capital Management LP raised its holdings in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares during the period. Headlands Technologies LLC acquired a new position in shares of HUYA in the 2nd quarter valued at $205,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of HUYA in the 1st quarter valued at $222,000. Finally, Commonwealth Equity Services LLC bought a new position in HUYA during the second quarter worth about $291,000. Institutional investors own 23.20% of the company’s stock.

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.