HUYA (NYSE:HUYA) Shares Up 8.3% – Here’s What Happened

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s share price rose 8.3% during trading on Friday . The stock traded as high as $2.94 and last traded at $3.0330. Approximately 271,938 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,733,744 shares. The stock had previously closed at $2.80.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HUYA. Hsbc Global Res raised shares of HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. HSBC upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of HUYA in a research note on Monday, December 1st. Finally, Zacks Research upgraded HUYA to a “hold” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

HUYA Stock Up 6.6%

The firm’s 50 day moving average is $2.91 and its 200-day moving average is $3.26. The firm has a market cap of $666.87 million, a PE ratio of -33.16 and a beta of 0.78.

HUYA (NYSE:HUYA) last released its earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. HUYA had a negative net margin of 2.63% and a positive return on equity of 0.73%. The firm had revenue of $215.93 million during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the company earned $0.34 EPS. HUYA’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that HUYA Inc. Sponsored ADR will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

A number of hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in shares of HUYA during the 1st quarter valued at about $32,000. Loomis Sayles & Co. L P grew its holdings in HUYA by 327.0% in the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares during the period. Vident Advisory LLC increased its position in HUYA by 39.5% during the first quarter. Vident Advisory LLC now owns 17,624 shares of the company’s stock worth $57,000 after purchasing an additional 4,993 shares during the last quarter. Virtu Financial LLC purchased a new position in HUYA during the first quarter worth approximately $93,000. Finally, Nuveen LLC acquired a new position in shares of HUYA in the 1st quarter valued at $220,000. 23.20% of the stock is owned by institutional investors and hedge funds.

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.