HUYA Inc. Sponsored ADR (NYSE:HUYA – Get Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $2.15 and last traded at $2.2450, with a volume of 374282 shares trading hands. The stock had previously closed at $2.19.
Wall Street Analyst Weigh In
A number of brokerages have commented on HUYA. Weiss Ratings reissued a “sell (d-)” rating on shares of HUYA in a research note on Monday, April 27th. Zacks Research lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.45.
Read Our Latest Research Report on HUYA
HUYA Trading Up 2.5%
HUYA (NYSE:HUYA – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a positive return on equity of 0.40% and a negative net margin of 1.76%.The business had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $251.85 million. On average, equities research analysts forecast that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.
HUYA announced that its board has authorized a share repurchase program on Wednesday, March 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in HUYA stock. Public Employees Retirement System of Ohio increased its stake in HUYA Inc. Sponsored ADR (NYSE:HUYA – Free Report) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,295 shares of the company’s stock after buying an additional 19,353 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of HUYA worth $817,000 as of its most recent SEC filing. 23.20% of the stock is currently owned by institutional investors and hedge funds.
About HUYA
HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.
At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.
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