HUYA (NYSE:HUYA) Trading Down 2.8% – Here’s Why

HUYA Inc. (NYSE:HUYA) shares fell 2.8% during trading on Tuesday . The stock traded as low as $3.25 and last traded at $3.26. 158,532 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,676,496 shares. The stock had previously closed at $3.35.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 18th. Daiwa America downgraded shares of HUYA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 18th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.68.

HUYA Price Performance

The stock has a market cap of $756.08 million, a price-to-earnings ratio of -37.11 and a beta of 0.73. The business has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $3.54.

HUYA (NYSE:HUYA) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. As a group, equities analysts anticipate that HUYA Inc. will post 0.16 earnings per share for the current fiscal year.

HUYA Announces Dividend

The company 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 dividend of $1.47 per share. This represents a dividend yield of 42.55%. The ex-dividend date of this dividend is Tuesday, June 17th. HUYA’s dividend payout ratio is presently -4,766.67%.

Institutional Trading of HUYA

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in HUYA by 2.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 142,865 shares of the company’s stock worth $439,000 after buying an additional 3,545 shares during the period. Smith Anglin Financial LLC increased its position in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares during the period. Formidable Asset Management LLC raised its stake in HUYA by 7.2% in the 4th quarter. Formidable Asset Management LLC now owns 108,000 shares of the company’s stock worth $332,000 after purchasing an additional 7,300 shares in the last quarter. Wellington Management Group LLP boosted its holdings in HUYA by 11.9% in the 3rd quarter. Wellington Management Group LLP now owns 103,852 shares of the company’s stock valued at $530,000 after purchasing an additional 11,054 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of HUYA by 27.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,550 shares of the company’s stock worth $195,000 after purchasing an additional 13,544 shares in the last quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

About HUYA

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.