HUYA (NYSE:HUYA) Shares Gap Up – Should You Buy?

HUYA Inc. (NYSE:HUYA)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $3.21, but opened at $3.31. HUYA shares last traded at $3.23, with a volume of 651,014 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Daiwa America cut shares of HUYA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Stock Up 0.0 %

The business’s 50 day simple moving average is $3.72 and its 200 day simple moving average is $3.67. The stock has a market cap of $726.88 million, a price-to-earnings ratio of -35.68 and a beta of 0.72.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. Equities research analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a $1.47 dividend. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio (DPR) is presently -4,900.00%.

Hedge Funds Weigh In On HUYA

A number of institutional investors and hedge funds have recently bought and sold shares of HUYA. Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 2.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock worth $439,000 after purchasing an additional 3,545 shares during the period. Quantbot Technologies LP boosted its holdings in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after acquiring an additional 3,685 shares in the last quarter. Smith Anglin Financial LLC grew its position in HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares during the period. Formidable Asset Management LLC increased its stake in HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock valued at $332,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Seldon Capital LP acquired a new stake in shares of HUYA in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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.