HUYA Inc. (NYSE:HUYA - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.03, but opened at $3.50. HUYA shares last traded at $3.34, with a volume of 1,386,497 shares changing hands.
A number of equities research analysts recently commented on the stock. HSBC restated a "hold" rating and set a $4.70 price objective on shares of HUYA in a report on Friday, October 11th. Bank of America cut HUYA from a "buy" rating to a "neutral" rating and cut their target price for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Citigroup cut their price objective on shares of HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Finally, Hsbc Global Res downgraded shares of HUYA from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $5.68.
Check Out Our Latest Stock Report on HUYA
The business has a 50-day simple moving average of $3.10 and a two-hundred day simple moving average of $3.85. The stock has a market cap of $737.97 million, a price-to-earnings ratio of -36.22 and a beta of 0.62.
HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.30. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the firm earned $0.05 EPS. The firm's revenue was down 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Seldon Capital LP bought a new position in HUYA in the 3rd quarter valued at about $51,000. Smith Anglin Financial LLC increased its stake in shares of HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock worth $56,000 after purchasing an additional 4,002 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in HUYA during the 3rd quarter worth approximately $61,000. XTX Topco Ltd bought a new stake in HUYA in the 3rd quarter valued at $90,000. Finally, Quantbot Technologies LP grew its holdings in HUYA by 18.9% in the 3rd quarter. Quantbot Technologies LP now owns 23,224 shares of the company's stock valued at $118,000 after buying an additional 3,685 shares in the last quarter. Institutional investors and hedge funds own 23.20% of the company's stock.
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.
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