HUYA (NYSE:HUYA) Stock Price Down 4.2% – Should You Sell?

HUYA Inc. (NYSE:HUYA)’s share price fell 4.2% on Friday . The stock traded as low as $3.63 and last traded at $3.58. 53,455 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,442,247 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

HUYA has been the topic of a number of recent analyst reports. HSBC reiterated a “hold” rating and set a $4.70 price target on shares of HUYA in a research report on Friday, October 11th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.80 to $4.00 in a report on Wednesday, November 6th. Finally, Citigroup decreased their price objective on shares of HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.68.

HUYA Trading Down 5.8 %

The business has a fifty day simple moving average of $3.19 and a two-hundred day simple moving average of $3.77. The company has a market cap of $795.69 million, a PE ratio of -39.06 and a beta of 0.62.

HUYA (NYSE:HUYA) last posted its quarterly 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. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Equities analysts expect that HUYA Inc. will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

Large investors have recently made changes to their positions in the stock. Seldon Capital LP acquired a new position in HUYA during the third quarter worth $51,000. Smith Anglin Financial LLC raised its holdings in shares of HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares during the period. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of HUYA during the 3rd quarter valued at about $61,000. XTX Topco Ltd acquired a new stake in HUYA during the third quarter worth about $90,000. Finally, Quantbot Technologies LP raised its stake in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after purchasing an additional 3,685 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.