HUYA (NYSE:HUYA) Shares Gap Up - Still a Buy?

HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $6.23, but opened at $6.43. HUYA shares last traded at $6.26, with a volume of 1,140,915 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup raised HUYA from a "sell" rating to a "buy" rating and increased their target price for the stock from $2.40 to $6.00 in a research report on Wednesday, August 14th.

HUYA Price Performance

The stock's 50 day simple moving average is $4.39 and its two-hundred day simple moving average is $4.54. The firm has a market cap of $1.40 billion, a P/E ratio of -59.90 and a beta of 0.60.

HUYA (NYSE:HUYA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.35. HUYA had a positive return on equity of 0.53% and a negative net margin of 2.69%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the company earned $0.05 EPS. The firm's revenue for the quarter was down 16.1% on a year-over-year basis. Equities research analysts anticipate that HUYA Inc. will post 0.17 earnings per share for the current year.

HUYA Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be given a dividend of $1.06 per share. This is an increase from HUYA's previous -- dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Smith Anglin Financial LLC bought a new stake in HUYA during the third quarter valued at approximately $73,000. Bayesian Capital Management LP grew its position in shares of HUYA by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 19,374 shares of the company's stock valued at $88,000 after acquiring an additional 3,500 shares during the period. Headlands Technologies LLC purchased a new stake in shares of HUYA in the 2nd quarter worth $205,000. Susquehanna Fundamental Investments LLC bought a new position in HUYA in the 1st quarter worth $222,000. Finally, Commonwealth Equity Services LLC purchased a new position in HUYA during the second quarter valued at $291,000. 23.20% of the stock is owned by 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.