HUYA (NYSE:HUYA) Stock Price Down 3.4% – What’s Next?

Shares of HUYA Inc. (NYSE:HUYA) dropped 3.4% during mid-day trading on Tuesday . The stock traded as low as $3.06 and last traded at $3.01. 490,725 shares traded hands during trading, a decline of 76% from the average session volume of 2,043,966 shares. The stock had previously closed at $3.11.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Daiwa Capital Markets cut HUYA from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 18th. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.68.

HUYA Price Performance

The business’s fifty day moving average price is $3.65 and its 200-day moving average price is $3.57. The stock has a market capitalization of $696.09 million, a PE ratio of -34.17 and a beta of 0.73.

HUYA (NYSE:HUYA) last posted its earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts expect that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date is Tuesday, June 17th. HUYA’s dividend payout ratio is -4,766.67%.

Institutional Trading of HUYA

A number of large investors have recently modified their holdings of HUYA. FMR LLC raised its position in shares of HUYA by 236.8% during the 3rd quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after buying an additional 1,681,800 shares in the last quarter. Wellington Management Group LLP increased its stake in HUYA by 11.9% in the third quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock valued at $530,000 after acquiring an additional 11,054 shares during the last quarter. XTX Topco Ltd purchased a new stake in HUYA during the third quarter valued at about $90,000. Public Employees Retirement System of Ohio bought a new stake in HUYA during the third quarter worth about $711,000. Finally, Smith Anglin Financial LLC lifted its stake in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after purchasing an additional 4,002 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.