HUYA (NYSE:HUYA) Stock Price Up 4.6%

HUYA Inc. (NYSE:HUYA)’s stock price was up 4.6% during trading on Monday . The company traded as high as $4.59 and last traded at $4.57. Approximately 566,654 shares traded hands during trading, a decline of 60% from the average daily volume of 1,412,059 shares. The stock had previously closed at $4.37.

Analyst Ratings Changes

A number of analysts recently weighed in on HUYA shares. JPMorgan Chase & Co. upgraded HUYA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $3.00 to $9.00 in a report on Monday, May 20th. Morgan Stanley upgraded HUYA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th.

HUYA Stock Performance

The stock’s 50 day moving average price is $4.29 and its 200 day moving average price is $4.30. The company has a market capitalization of $1.04 billion, a P/E ratio of -44.50 and a beta of 0.56.

HUYA (NYSE:HUYA) last issued its quarterly earnings results on Monday, May 13th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $208.31 million for the quarter. HUYA had a negative net margin of 2.67% and a positive return on equity of 0.59%. On average, analysts expect that HUYA Inc. will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HUYA

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its position in shares of HUYA by 306.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock valued at $33,000 after acquiring an additional 6,791 shares during the period. Bayesian Capital Management LP grew its holdings in HUYA by 22.0% in the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares during the period. Headlands Technologies LLC bought a new stake in HUYA in the second quarter valued at $205,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of HUYA during the first quarter valued at about $222,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of HUYA in the 2nd quarter valued at about $291,000. 23.20% of the stock is currently 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.