HUYA (NYSE:HUYA) Shares Down 5.9%

HUYA Inc – (NYSE:HUYA)’s stock price was down 5.9% on Friday . The stock traded as low as $16.82 and last traded at $16.95, approximately 7,081,260 shares traded hands during trading. An increase of 129% from the average daily volume of 3,095,952 shares. The stock had previously closed at $18.01.

Several equities analysts have recently weighed in on HUYA shares. HSBC started coverage on shares of HUYA in a research report on Monday, September 16th. They set a “buy” rating for the company. ValuEngine lowered shares of HUYA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. TheStreet lowered shares of HUYA from a “c-” rating to a “d+” rating in a research report on Tuesday, November 12th. Needham & Company LLC started coverage on shares of HUYA in a research report on Thursday. They set a “buy” rating and a $24.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of HUYA from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.25.

The firm’s fifty day simple moving average is $21.74 and its 200 day simple moving average is $22.93. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 169.50 and a beta of 1.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.66 and a quick ratio of 4.66.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, November 12th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.06 by $0.81. HUYA had a net margin of 5.50% and a return on equity of 5.88%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 77.4% on a year-over-year basis. Equities research analysts forecast that HUYA Inc – will post 0.28 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of HUYA by 83.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,080 shares of the company’s stock worth $52,000 after purchasing an additional 947 shares during the period. Bank of Montreal Can boosted its holdings in shares of HUYA by 24.1% during the second quarter. Bank of Montreal Can now owns 8,132 shares of the company’s stock worth $201,000 after purchasing an additional 1,578 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of HUYA during the third quarter worth approximately $340,000. NumerixS Investment Technologies Inc acquired a new stake in shares of HUYA during the second quarter worth approximately $361,000. Finally, ETF Managers Group LLC acquired a new stake in shares of HUYA during the second quarter worth approximately $366,000. Institutional investors own 26.13% of the company’s stock.

HUYA Company Profile (NYSE:HUYA)

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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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