HUYA (NYSE:HUYA) Shares Gap Down to $5.53

HUYA Inc. (NYSE:HUYA) shares gapped down prior to trading on Thursday . The stock had previously closed at $5.53, but opened at $5.30. HUYA shares last traded at $5.43, with a volume of 298,070 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of HUYA from a “sell” rating to a “buy” rating and raised their price target for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th.

HUYA Trading Up 0.7 %

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -55.50 and a beta of 0.59. The business has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $4.52.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.35. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The firm’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. On average, equities research analysts predict that HUYA Inc. will post 0.17 earnings per share for the current fiscal year.

HUYA Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be issued a $1.06 dividend. This is a positive change from HUYA’s previous — dividend of $0.64. The ex-dividend date is Wednesday, October 9th.

Hedge Funds Weigh In On HUYA

Several large investors have recently made changes to their positions in the business. Bayesian Capital Management LP lifted its stake in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock valued at $88,000 after purchasing an additional 3,500 shares during the last quarter. Headlands Technologies LLC purchased a new position in HUYA in the 2nd quarter worth about $205,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of HUYA during the first quarter valued at $222,000. Commonwealth Equity Services LLC purchased a new position in shares of HUYA during the 2nd quarter valued at $291,000. Finally, Sei Investments Co. boosted its position in HUYA by 432.5% during the second quarter. Sei Investments Co. now owns 77,261 shares of the company’s stock valued at $305,000 after purchasing an additional 62,753 shares during the last quarter. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

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.