HUYA (NYSE:HUYA) Stock Price Down 4.6% - Time to Sell?

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $2.92 and last traded at $2.93. 949,820 shares were traded during trading, a decline of 37% from the average session volume of 1,510,556 shares. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

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

HUYA Stock Down 3.9 %

The firm's 50-day moving average price is $3.20 and its 200 day moving average price is $3.92. The firm has a market cap of $667.80 million, a P/E ratio of -32.78 and a beta of 0.60.

HUYA (NYSE:HUYA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.04 by $0.30. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. HUYA's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, equities analysts predict that HUYA Inc. will post 0.16 earnings per share for the current year.

Institutional Trading of HUYA

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in shares of HUYA in the second quarter valued at approximately $291,000. National Bank of Canada FI lifted its holdings in HUYA by 985,316.7% in the 2nd quarter. National Bank of Canada FI now owns 236,500 shares of the company's stock valued at $974,000 after acquiring an additional 236,476 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of HUYA in the 2nd quarter worth approximately $360,000. Acadian Asset Management LLC grew its position in HUYA by 526.0% in the second quarter. Acadian Asset Management LLC now owns 3,297,340 shares of the company's stock worth $13,011,000 after buying an additional 2,770,594 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of HUYA during the 2nd quarter valued at $205,000. 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.