HUYA (NYSE:HUYA) Stock Price Down 5.4% - Here's What Happened

HUYA Inc. (NYSE:HUYA - Get Free Report) fell 5.4% during mid-day trading on Wednesday . The stock traded as low as $3.53 and last traded at $3.53. 461,955 shares traded hands during trading, a decline of 70% from the average session volume of 1,543,095 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HUYA. Citigroup upgraded shares of HUYA from a "sell" rating to a "buy" rating and raised their price objective for the company from $2.40 to $6.00 in a research report on Wednesday, August 14th. HSBC reissued a "hold" rating and issued a $4.70 price target on shares of HUYA in a report on Friday, October 11th. Finally, Hsbc Global Res downgraded HUYA from a "strong-buy" rating to a "hold" rating in a report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, HUYA presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.38.

HUYA Price Performance

The stock's 50 day moving average is $4.26 and its two-hundred day moving average is $4.45. The firm has a market capitalization of $830.94 million, a P/E ratio of -35.65 and a beta of 0.60.

HUYA (NYSE:HUYA - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.06 by $0.35. HUYA had a negative net margin of 2.69% and a positive return on equity of 0.53%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous 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. As a group, equities research analysts expect that HUYA Inc. will post 0.15 EPS for the current year.

HUYA Increases Dividend

The business also recently announced a -- dividend, which was paid on Friday, October 25th. Shareholders of record on Wednesday, October 9th were issued a dividend of $1.06 per share. The ex-dividend date was Wednesday, October 9th. This is a boost from HUYA's previous -- dividend of $0.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HUYA. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in HUYA by 160.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 293,100 shares of the company's stock worth $1,158,000 after acquiring an additional 180,600 shares in the last quarter. Mackenzie Financial Corp increased its stake in HUYA by 162.4% during the 2nd quarter. Mackenzie Financial Corp now owns 171,584 shares of the company's stock worth $678,000 after purchasing an additional 106,182 shares in the last quarter. Caxton Associates LP raised its holdings in HUYA by 407.5% during the 2nd quarter. Caxton Associates LP now owns 411,811 shares of the company's stock worth $1,627,000 after buying an additional 330,659 shares during the period. Millennium Management LLC bought a new position in HUYA in the second quarter valued at approximately $5,197,000. Finally, Acadian Asset Management LLC boosted 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 buying an additional 163,406 shares during the period. 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.