HUYA (NYSE:HUYA) Sets New 52-Week Low - What's Next?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $2.88 and last traded at $2.89, with a volume of 1326795 shares traded. The stock had previously closed at $3.02.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America cut HUYA from a "buy" rating to a "neutral" rating and lowered their target price for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. HSBC reiterated a "hold" rating and issued a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Hsbc Global Res lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 11th. Finally, Citigroup dropped their price target on shares of HUYA from $5.90 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.68.

HUYA Price Performance

The stock has a market capitalization of $649.69 million, a price-to-earnings ratio of -31.89 and a beta of 0.62. The stock's 50 day simple moving average is $3.13 and its 200-day simple moving average is $3.88.

HUYA (NYSE:HUYA - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.30. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business earned $0.05 EPS. HUYA's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, equities research analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in HUYA by 236.8% in 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 during the last quarter. Millennium Management LLC acquired a new stake in shares of HUYA in the second quarter worth $5,197,000. Canada Pension Plan Investment Board bought a new position in HUYA during the second quarter worth $2,052,000. Marshall Wace LLP raised its stake in HUYA by 177.6% during the 2nd quarter. Marshall Wace LLP now owns 784,081 shares of the company's stock valued at $3,097,000 after purchasing an additional 501,681 shares during the last quarter. Finally, Caxton Associates LP raised its stake in HUYA by 407.5% during the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company's stock valued at $1,627,000 after purchasing an additional 330,659 shares during the last quarter. 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.