HUYA (NYSE:HUYA) Stock Price Down 4.2% - Should You Sell?

Shares of HUYA Inc. (NYSE:HUYA - Get Free Report) traded down 4.2% during mid-day trading on Friday . The company traded as low as $3.63 and last traded at $3.58. 53,455 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 1,442,247 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

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

HUYA Stock Performance

The company has a market cap of $827.38 million, a P/E ratio of -40.61 and a beta of 0.63. The business's fifty day moving average is $3.20 and its two-hundred day moving average is $3.76.

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

Institutional Trading of HUYA

Large investors have recently added to or reduced their stakes in the stock. Seldon Capital LP acquired a new position in HUYA in the 3rd quarter valued at about $51,000. Smith Anglin Financial LLC grew its holdings in shares of HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company's stock worth $56,000 after purchasing an additional 4,002 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in HUYA during the third quarter worth approximately $61,000. XTX Topco Ltd purchased a new stake in HUYA in the 3rd quarter valued at $90,000. Finally, Quantbot Technologies LP boosted its stake in shares of HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company's stock worth $118,000 after buying an additional 3,685 shares during the period. 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.