HUYA (NYSE:HUYA) Shares Gap Up – Should You Buy?

HUYA Inc. (NYSE:HUYA) shares gapped up prior to trading on Friday . The stock had previously closed at $3.21, but opened at $3.31. HUYA shares last traded at $3.23, with a volume of 651,014 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Daiwa Capital Markets lowered HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday. Daiwa America lowered HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.68.

HUYA Stock Down 1.1 %

The company has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $3.68. The firm has a market cap of $718.73 million, a P/E ratio of -35.28 and a beta of 0.72.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts forecast that HUYA Inc. will post 0.16 EPS for the current year.

HUYA Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio is currently -4,900.00%.

Institutional Investors Weigh In On HUYA

A number of hedge funds have recently made changes to their positions in HUYA. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of HUYA by 146.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 455,293 shares of the company’s stock worth $2,322,000 after buying an additional 270,701 shares in the last quarter. Seldon Capital LP purchased a new stake in shares of HUYA in the third quarter worth about $51,000. FMR LLC lifted its position in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after buying an additional 3,685 shares in the last quarter. Finally, Athos Capital Ltd raised its position in HUYA by 9.5% during the third quarter. Athos Capital Ltd now owns 127,346 shares of the company’s stock valued at $649,000 after purchasing an additional 11,000 shares during the period. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.