HUYA Inc. (NYSE:HUYA - Get Free Report)'s share price was up 8.1% on Friday . The stock traded as high as $6.11 and last traded at $6.11. Approximately 2,435,821 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 1,466,494 shares. The stock had previously closed at $5.65.
Wall Street Analyst Weigh In
Separately, Citigroup raised HUYA from a "sell" rating to a "buy" rating and boosted their price objective for the company from $2.40 to $6.00 in a report on Wednesday, August 14th.
Check Out Our Latest Stock Report on HUYA
HUYA Price Performance
The company has a market capitalization of $1.45 billion, a P/E ratio of -60.10 and a beta of 0.59. The company has a fifty day moving average price of $4.35 and a 200 day moving average price of $4.53.
HUYA (NYSE:HUYA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $0.05 EPS. The business's revenue for the quarter was down 16.1% compared to the same quarter last year. On average, equities research analysts predict that HUYA Inc. will post 0.17 earnings per share for the current fiscal year.
HUYA Increases Dividend
The company also recently announced a -- dividend, which will be paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th will be given a $1.06 dividend. This is an increase from HUYA's previous -- dividend of $0.64. The ex-dividend date is Wednesday, October 9th.
Institutional Investors Weigh In On HUYA
A number of institutional investors have recently added to or reduced their stakes in HUYA. Point72 Hong Kong Ltd lifted its position in shares of HUYA by 2,008.2% during the 4th quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company's stock valued at $16,660,000 after acquiring an additional 4,335,884 shares during the last quarter. Caxton Associates LP lifted its holdings in shares of HUYA by 407.5% in the second quarter. Caxton Associates LP now owns 411,811 shares of the company's stock valued at $1,627,000 after purchasing an additional 330,659 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of HUYA by 45.0% in the first quarter. Acadian Asset Management LLC now owns 526,746 shares of the company's stock valued at $2,393,000 after purchasing an additional 163,406 shares in the last quarter. Polunin Capital Partners Ltd purchased a new stake in shares of HUYA in the second quarter valued at $5,166,000. Finally, National Bank of Canada FI lifted its holdings in shares of HUYA by 985,316.7% in the second quarter. National Bank of Canada FI now owns 236,500 shares of the company's stock valued at $974,000 after purchasing an additional 236,476 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.
HUYA Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HUYA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HUYA wasn't on the list.
While HUYA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.