HUYA (NYSE:HUYA) Reaches New 52-Week Low – Time to Sell?

HUYA Inc. (NYSE:HUYA) shares hit a new 52-week low during trading on Friday . The company traded as low as $2.89 and last traded at $2.93, with a volume of 186971 shares traded. The stock had previously closed at $3.02.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America cut HUYA from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.80 to $4.00 in a research report on Wednesday, November 6th. Citigroup reduced their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. HSBC restated a “hold” rating and set a $4.70 target price on shares of HUYA in a research note on Friday, October 11th. Finally, Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.68.

HUYA Price Performance

The stock has a market cap of $692.25 million, a P/E ratio of -33.00 and a beta of 0.62. The stock’s 50-day moving average is $3.98 and its two-hundred day moving average is $4.31.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 billion for 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%. The business’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. On average, analysts anticipate that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Institutional Trading of HUYA

Several hedge funds have recently modified their holdings of HUYA. Seldon Capital LP purchased a new stake in shares of HUYA during the 3rd quarter valued at about $51,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of HUYA in the 3rd quarter valued at approximately $61,000. Smith Anglin Financial LLC purchased a new position in shares of HUYA in the 3rd quarter worth approximately $73,000. Bayesian Capital Management LP increased its position in shares of HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of HUYA during the 3rd quarter valued at approximately $90,000. 23.20% of the stock is 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.