HUYA (NYSE:HUYA) Hits New 12-Month Low at $2.72

HUYA Inc. (NYSE:HUYAGet Rating)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $2.72 and last traded at $2.75, with a volume of 6799 shares traded. The stock had previously closed at $2.80.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TheStreet lowered shares of HUYA from a “c-” rating to a “d+” rating in a research report on Tuesday, September 6th. Citigroup downgraded shares of HUYA from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.00 to $4.00 in a research note on Wednesday, August 17th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.12.

HUYA Stock Down 1.5 %

The firm has a market cap of $635.65 million, a PE ratio of 22.25 and a beta of 0.59. The company’s 50 day moving average price is $3.22 and its two-hundred day moving average price is $3.90.

HUYA (NYSE:HUYAGet Rating) last announced its earnings results on Tuesday, August 16th. The company reported $0.02 earnings per share 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was down 23.2% on a year-over-year basis. On average, analysts expect that HUYA Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HUYA. UBS Group AG increased its stake in HUYA by 2,307.4% in the 1st quarter. UBS Group AG now owns 3,373,978 shares of the company’s stock worth $15,082,000 after buying an additional 3,233,828 shares during the period. Renaissance Technologies LLC increased its stake in HUYA by 142.4% in the 1st quarter. Renaissance Technologies LLC now owns 2,127,865 shares of the company’s stock worth $9,512,000 after buying an additional 1,250,065 shares during the period. Twenty Acre Capital LP purchased a new position in HUYA in the 1st quarter worth about $4,177,000. Dimensional Fund Advisors LP increased its stake in HUYA by 34.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,044,871 shares of the company’s stock worth $4,678,000 after buying an additional 269,312 shares during the period. Finally, Quinn Opportunity Partners LLC increased its stake in HUYA by 67.3% in the 1st quarter. Quinn Opportunity Partners LLC now owns 551,591 shares of the company’s stock worth $2,466,000 after buying an additional 221,841 shares during the period. Hedge funds and other institutional investors own 23.39% of the company’s stock.

About HUYA

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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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