HUYA (NYSE:HUYA) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of HUYA (NYSE:HUYA) from a sell rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

HUYA has been the subject of several other reports. Citigroup reaffirmed a “buy” rating on shares of HUYA in a report on Wednesday, August 12th. Weiss Ratings lowered shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HUYA has an average rating of “Moderate Buy” and a consensus price target of $3.45.

HUYA Trading Up 0.2%

Shares of NYSE HUYA opened at $2.06 on Friday. The company has a market capitalization of $471.58 million, a price-to-earnings ratio of -34.41 and a beta of 0.88. HUYA has a twelve month low of $2.02 and a twelve month high of $4.93. The business has a 50 day simple moving average of $2.27 and a 200-day simple moving average of $2.68.

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

Hedge Funds Weigh In On HUYA

A hedge fund recently bought a new stake in HUYA stock. Public Employees Retirement System of Ohio acquired a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned 0.09% of HUYA as of its most recent SEC filing. Hedge funds and other institutional investors own 23.20% of the company’s stock.

About HUYA

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.