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

Daiwa Capital Markets downgraded shares of HUYA (NYSE:HUYA - Free Report) from an outperform rating to a neutral rating in a research note released on Tuesday morning, Marketbeat.com reports.

HUYA Stock Performance

Shares of NYSE HUYA traded up $0.00 during mid-day trading on Tuesday, reaching $3.21. 5,263,730 shares of the company's stock were exchanged, compared to its average volume of 1,529,479. The firm has a market capitalization of $726.88 million, a price-to-earnings ratio of -35.68 and a beta of 0.72. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84. The company's 50-day moving average is $3.72 and its 200-day moving average is $3.67.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $1.50 billion for 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 posted $0.48 earnings per share. As a group, equities analysts predict that HUYA will post 0.16 earnings per share for the current fiscal year.

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HUYA Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $1.47 per share. This represents a yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA's dividend payout ratio (DPR) is -4,900.00%.

Hedge Funds Weigh In On HUYA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new stake in HUYA in the 4th quarter valued at about $43,000. Seldon Capital LP acquired a new stake in HUYA in the 3rd quarter valued at about $51,000. Smith Anglin Financial LLC raised its position in 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 purchasing an additional 4,002 shares in the last quarter. XTX Topco Ltd acquired a new stake in HUYA in the 3rd quarter valued at about $90,000. Finally, Sei Investments Co. acquired a new stake in HUYA in the 4th quarter valued at about $94,000. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

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.