HUYA (NYSE:HUYA) Trading 7% Higher - What's Next?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price shot up 7% on Monday . The company traded as high as $3.38 and last traded at $3.36. 1,334,488 shares were traded during trading, a decline of 38% from the average session volume of 2,140,319 shares. The stock had previously closed at $3.14.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HUYA. Daiwa Capital Markets cut shares of HUYA from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 18th. Daiwa America downgraded HUYA from a "strong-buy" rating to a "hold" rating in a research report 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $5.68.

HUYA Stock Performance

The stock's 50 day simple moving average is $3.60 and its 200 day simple moving average is $3.51. The firm has a market cap of $754.95 million, a PE ratio of -37.06 and a beta of 0.73.

HUYA (NYSE:HUYA - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The firm'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 firm also recently disclosed an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, June 17th. This represents a dividend yield of 42.55%. HUYA's payout ratio is -4,766.67%.

Hedge Funds Weigh In On HUYA

A number of large investors have recently added to or reduced their stakes in HUYA. WCM Investment Management LLC boosted its position in HUYA by 4,396.5% during the fourth quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company's stock valued at $8,505,000 after buying an additional 2,790,696 shares during the period. Monolith Management Ltd purchased a new stake in HUYA during the 4th quarter valued at about $2,144,000. Connor Clark & Lunn Investment Management Ltd. grew its position 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 last quarter. Caxton Associates LP increased its stake in HUYA by 79.6% in the 4th quarter. Caxton Associates LP now owns 508,296 shares of the company's stock worth $1,560,000 after purchasing an additional 225,341 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in HUYA in the fourth quarter valued at approximately $516,000. Hedge funds and other 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.