HUYA (NYSE:HUYA) Downgraded by Daiwa Capital Markets to “Neutral”

HUYA (NYSE:HUYA) was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday,Finviz reports.

HUYA Stock Performance

NYSE:HUYA traded down $0.83 during mid-day trading on Tuesday, reaching $3.72. The stock had a trading volume of 8,415,976 shares, compared to its average volume of 1,462,533. The firm has a market capitalization of $840.97 million, a price-to-earnings ratio of -41.17 and a beta of 0.72. HUYA has a twelve month low of $2.82 and a twelve month high of $6.84. The business has a 50 day simple moving average of $3.68 and a 200 day simple moving average of $3.69.

Institutional Investors Weigh In On HUYA

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. acquired a new stake in shares of HUYA during the 4th quarter valued at approximately $140,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of HUYA during the 4th quarter worth approximately $371,000. FMR LLC increased its stake in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock worth $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of HUYA by 4,396.5% during the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock worth $8,505,000 after purchasing an additional 2,790,696 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of HUYA during the 3rd quarter worth approximately $90,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.