HUYA (NYSE:HUYA) Reaches New 12-Month Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

HUYA has been the topic of a number of recent analyst reports. Hsbc Global Res downgraded HUYA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 11th. Bank of America lowered shares of HUYA from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.80 to $4.00 in a research note 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 report on Thursday, November 14th. Finally, HSBC restated a “hold” rating and issued a $4.70 target price on shares of HUYA in a report on Friday, October 11th. Four 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 company currently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Trading Down 1.0 %

The stock has a market cap of $696.91 million, a PE ratio of -33.22 and a beta of 0.62. The business has a 50 day moving average of $3.96 and a 200-day moving average of $4.29.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. Research analysts expect that HUYA Inc. will post 0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

Several hedge funds have recently made changes to their positions in HUYA. BRIGHT VALLEY CAPITAL Ltd raised its stake in HUYA by 1.9% during the 1st quarter. BRIGHT VALLEY CAPITAL Ltd now owns 4,505,355 shares of the company’s stock valued at $20,499,000 after acquiring an additional 82,214 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of HUYA by 526.0% during the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company’s stock worth $13,011,000 after purchasing an additional 2,770,594 shares during the last quarter. FMR LLC raised its stake in shares of HUYA by 236.8% during the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of HUYA during the second quarter worth $5,197,000. Finally, Polunin Capital Partners Ltd purchased a new position in HUYA in the 2nd quarter valued at $5,166,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.