HUYA (NYSE:HUYA) Shares Down 2.8% – Time to Sell?

HUYA Inc. (NYSE:HUYA) fell 2.8% during mid-day trading on Tuesday . The company traded as low as $3.25 and last traded at $3.26. 158,532 shares were traded during trading, a decline of 91% from the average session volume of 1,676,496 shares. The stock had previously closed at $3.35.

Analysts Set New Price Targets

HUYA has been the topic of several analyst reports. Daiwa America lowered shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Daiwa Capital Markets lowered shares of HUYA from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 18th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, HUYA currently has an average rating of “Hold” and a consensus price target of $5.68.

HUYA Trading Down 0.3 %

The stock has a market capitalization of $756.08 million, a P/E ratio of -37.11 and a beta of 0.73. The company has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $3.54.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, analysts forecast that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The business 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. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA’s dividend payout ratio (DPR) is presently -4,766.67%.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in HUYA by 11.9% during the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock worth $530,000 after acquiring an additional 11,054 shares during the last quarter. XTX Topco Ltd acquired a new stake in HUYA in the third quarter worth $90,000. Public Employees Retirement System of Ohio acquired a new position in shares of HUYA in the 3rd quarter valued at $711,000. Smith Anglin Financial LLC increased its position in shares of HUYA by 27.9% in the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after buying an additional 4,002 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in HUYA during the fourth quarter worth about $371,000. 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.