HUYA Inc. Sponsored ADR (NYSE:HUYA – Get Free Report) shares shot up 0.2% during trading on Friday . The company traded as high as $2.41 and last traded at $2.4050. Approximately 399,816 shares were traded during trading, a decline of 24% from the average daily volume of 527,992 shares. The stock had previously closed at $2.40.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Weiss Ratings lowered HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 25th. Zacks Research lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.45.
HUYA Stock Up 0.2%
HUYA (NYSE:HUYA – Get Free Report) last announced 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). The company had revenue of $250.68 million for the quarter, compared to analyst estimates of $251.85 million. HUYA had a positive return on equity of 0.40% and a negative net margin of 1.76%. As a group, analysts expect that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its position in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in HUYA Inc. Sponsored ADR (NYSE:HUYA – Free Report) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,694 shares of the company’s stock after acquiring an additional 14,456 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of HUYA worth $497,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.20% of the company’s stock.
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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