HUYA (NYSE:HUYA) Trading Down 3.4% - Should You Sell?

HUYA Inc. (NYSE:HUYA - Get Free Report) fell 3.4% during trading on Tuesday . The stock traded as low as $3.06 and last traded at $3.01. 490,725 shares traded hands during trading, a decline of 76% from the average session volume of 2,043,966 shares. The stock had previously closed at $3.11.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Daiwa America lowered shares of HUYA from a "strong-buy" rating to a "hold" rating in a report 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.68.

HUYA Stock Up 2.3 %

The company has a market cap of $711.03 million, a price-to-earnings ratio of -34.90 and a beta of 0.73. The stock's 50-day simple moving average is $3.63 and its 200 day simple moving average is $3.56.

HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 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 during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business's revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that HUYA Inc. will post 0.16 EPS for the current fiscal year.

HUYA Announces Dividend

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

Hedge Funds Weigh In On HUYA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company's stock worth $439,000 after purchasing an additional 3,545 shares in the last quarter. Smith Anglin Financial LLC increased its stake in HUYA by 27.9% during the 4th quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock worth $56,000 after buying an additional 4,002 shares during the period. Formidable Asset Management LLC lifted its holdings in HUYA by 7.2% during the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company's stock worth $332,000 after buying an additional 7,300 shares in the last quarter. Wellington Management Group LLP boosted its position in HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company's stock valued at $530,000 after buying an additional 11,054 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of HUYA by 27.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company's stock worth $195,000 after acquiring an additional 13,544 shares in the last quarter. 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.