HUYA (NYSE:HUYA) Shares Gap Down Following Weak Earnings

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $4.54, but opened at $4.30. HUYA shares last traded at $3.74, with a volume of 2,317,939 shares changing hands.

The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. The business's revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS.

HUYA Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, June 17th. This represents a yield of 42.55%. HUYA's dividend payout ratio is currently -4,900.00%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUYA. Daiwa America cut HUYA from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Daiwa Capital Markets cut HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday. 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, the company presently has an average rating of "Hold" and a consensus price target of $5.68.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its holdings in HUYA by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock worth $439,000 after acquiring an additional 3,545 shares in the last quarter. Quantbot Technologies LP boosted its holdings in HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company's stock worth $118,000 after acquiring an additional 3,685 shares in the last quarter. Smith Anglin Financial LLC boosted its holdings in HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock worth $56,000 after acquiring an additional 4,002 shares in the last quarter. Formidable Asset Management LLC boosted its holdings in HUYA by 7.2% in the fourth quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock worth $332,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Seldon Capital LP bought a new position in HUYA in the third quarter worth approximately $51,000. Institutional investors own 23.20% of the company's stock.

HUYA Price Performance

The firm has a fifty day simple moving average of $3.72 and a 200-day simple moving average of $3.67. The firm has a market cap of $726.88 million, a P/E ratio of -35.68 and a beta of 0.72.

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.