HUYA (NYSE:HUYA) Stock Price Down 2.8% - Time to Sell?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s stock price 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 mid-day trading, a decline of 91% from the average session volume of 1,676,496 shares. The stock had previously closed at $3.35.

Wall Street Analysts Forecast Growth

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

HUYA Stock Down 0.1 %

The stock has a market capitalization of $754.95 million, a price-to-earnings ratio of -37.06 and a beta of 0.73. The company's fifty day simple moving average is $3.60 and its 200 day simple moving average is $3.51.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings data 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). HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business earned $0.48 earnings per share. The company's revenue was down 2.2% on a year-over-year basis. As a group, analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current year.

HUYA Announces Dividend

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

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the business. WCM Investment Management LLC boosted its holdings in HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after purchasing an additional 2,790,696 shares during the period. Monolith Management Ltd acquired a new stake in HUYA during the fourth quarter worth approximately $2,144,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in HUYA by 66.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company's stock worth $2,328,000 after acquiring an additional 302,988 shares during the period. Caxton Associates LP raised its holdings in HUYA by 79.6% in the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company's stock valued at $1,560,000 after acquiring an additional 225,341 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of HUYA during the 4th quarter valued at $516,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.

About HUYA

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.