HUYA (NYSE:HUYA) Sets New 52-Week Low – Here’s Why

HUYA Inc. (NYSE:HUYA) shares reached a new 52-week low during trading on Friday . The stock traded as low as $2.88 and last traded at $2.89, with a volume of 1326795 shares. The stock had previously closed at $3.02.

Analyst Ratings Changes

A number of brokerages have commented on HUYA. HSBC reissued a “hold” rating and issued a $4.70 price objective on shares of HUYA in a research report on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and dropped their target price for the company from $5.80 to $4.00 in a report on Wednesday, November 6th. Hsbc Global Res cut HUYA from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Citigroup dropped their price objective on HUYA from $5.90 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Trading Down 4.6 %

The business has a 50 day moving average price of $3.13 and a 200-day moving average price of $3.88. The firm has a market capitalization of $651.95 million, a PE ratio of -32.00 and a beta of 0.62.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in HUYA by 236.8% in the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after acquiring an additional 1,681,800 shares during the period. Millennium Management LLC acquired a new stake in shares of HUYA in the second quarter valued at about $5,197,000. Dimensional Fund Advisors LP lifted its stake in shares of HUYA by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock worth $4,209,000 after acquiring an additional 21,338 shares in the last quarter. Marshall Wace LLP increased its holdings in HUYA by 177.6% during the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company’s stock worth $3,097,000 after purchasing an additional 501,681 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in HUYA during the 2nd quarter worth $2,052,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.