HUYA (NYSE:HUYA) Reaches New 1-Year Low at $2.93

HUYA Inc. (NYSE:HUYAGet Rating) shares reached a new 52-week low on Wednesday . The company traded as low as $2.93 and last traded at $2.95, with a volume of 2559 shares trading hands. The stock had previously closed at $3.00.

Analysts Set New Price Targets

Several brokerages have weighed in on HUYA. TheStreet lowered shares of HUYA from a “c-” rating to a “d+” rating in a report on Tuesday, September 6th. Citigroup lowered shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $6.00 to $4.00 in a report on Wednesday, August 17th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.12.

HUYA Stock Performance

The company’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.97. The firm has a market capitalization of $692.78 million, a price-to-earnings ratio of 24.25 and a beta of 0.59.

HUYA (NYSE:HUYAGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. HUYA had a net margin of 1.77% and a return on equity of 1.67%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was down 23.2% on a year-over-year basis. As a group, sell-side analysts expect that HUYA Inc. will post -0.43 earnings per share for the current year.

Institutional Trading of HUYA

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC acquired a new position in shares of HUYA in the 2nd quarter worth approximately $52,000. Merit Financial Group LLC purchased a new position in HUYA during the second quarter valued at approximately $91,000. Royal Bank of Canada lifted its stake in HUYA by 8,607.6% in the first quarter. Royal Bank of Canada now owns 24,120 shares of the company’s stock valued at $108,000 after acquiring an additional 23,843 shares during the last quarter. Northern Trust Corp acquired a new stake in HUYA in the second quarter valued at approximately $150,000. Finally, Quantbot Technologies LP acquired a new stake in HUYA in the second quarter valued at approximately $153,000. 23.39% of the stock is currently owned by institutional investors.

HUYA Company Profile

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HUYA Inc, through 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, online theatre, and other genres.

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