HUYA (NYSE:HUYA) Stock Price Up 7.1%

HUYA Inc. (NYSE:HUYA) was up 7.1% on Friday . The stock traded as high as $5.13 and last traded at $5.13. Approximately 1,914,242 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 1,434,803 shares. The stock had previously closed at $4.79.

Analyst Ratings Changes

Separately, Citigroup upgraded HUYA from a “sell” rating to a “buy” rating and lifted their price target for the company from $2.40 to $6.00 in a research note on Wednesday, August 14th.

HUYA Trading Up 5.4 %

The firm has a market capitalization of $1.18 billion, a PE ratio of -50.60 and a beta of 0.59. The business has a 50-day moving average of $4.24 and a 200 day moving average of $4.50.

HUYA (NYSE:HUYA) last announced its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, sell-side analysts expect that HUYA Inc. will post 0.17 EPS for the current fiscal year.

HUYA Increases Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This is a boost from HUYA’s previous — dividend of $0.64.

Institutional Trading of HUYA

Hedge funds have recently bought and sold shares of the business. Bayesian Capital Management LP raised its position in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after acquiring an additional 3,500 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of HUYA by 8.7% in the 1st quarter. BNP Paribas Financial Markets now owns 108,506 shares of the company’s stock worth $494,000 after purchasing an additional 8,680 shares during the period. Dimensional Fund Advisors LP lifted its stake in HUYA by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,066,613 shares of the company’s stock valued at $4,209,000 after purchasing an additional 21,338 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in HUYA during the first quarter valued at $222,000. Finally, Headlands Technologies LLC purchased a new stake in HUYA in the second quarter worth $205,000. 23.20% of the stock is currently owned by institutional investors.

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.