HUYA (NYSE:HUYA) Sets New 1-Year High at $4.96

Shares of HUYA Inc. (NYSE:HUYA) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $4.96 and last traded at $4.95, with a volume of 1449317 shares. The stock had previously closed at $4.66.

Analyst Ratings Changes

Separately, Bank of America upgraded HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price objective on the stock in a report on Monday, March 25th.

HUYA Stock Up 7.3 %

The firm has a fifty day moving average price of $3.85 and a 200-day moving average price of $3.49. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -45.45 and a beta of 0.59.

HUYA Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of HUYA by 3.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 139,261 shares of the company’s stock worth $137,000 after buying an additional 4,629 shares during the period. Principal Financial Group Inc. raised its position in HUYA by 5.8% in the third quarter. Principal Financial Group Inc. now owns 102,011 shares of the company’s stock valued at $290,000 after purchasing an additional 5,595 shares during the period. Citigroup Inc. raised its position in HUYA by 16.0% in the first quarter. Citigroup Inc. now owns 46,557 shares of the company’s stock valued at $168,000 after purchasing an additional 6,425 shares during the period. BNP Paribas Arbitrage SNC raised its position in HUYA by 29.8% in the second quarter. BNP Paribas Arbitrage SNC now owns 28,921 shares of the company’s stock valued at $104,000 after purchasing an additional 6,635 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in HUYA by 306.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock valued at $33,000 after purchasing an additional 6,791 shares during the period. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Company Profile

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.