HUYA (NYSE:HUYA) Shares Down 0.2% – Here’s What Happened

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) 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 traded hands during trading, a decline of 38% from the average session volume of 640,548 shares. The stock had previously closed at $2.23.

Wall Street Analyst Weigh In

HUYA has been the subject of several research analyst reports. Wall Street Zen raised HUYA from a “sell” rating to a “hold” rating in a research note on Monday, October 5th. Citigroup restated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Stock Performance

The firm has a fifty day moving average of $2.21 and a 200-day moving average of $2.86. The stock has a market capitalization of $508.12 million, a price-to-earnings ratio of -37.08 and a beta of 0.78.

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

Institutional Investors Weigh In On HUYA

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

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.