Wall Street Zen Upgrades HUYA (NYSE:HUYA) to “Hold”

HUYA (NYSE:HUYA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, Wall Street Zen reports.

A number of other brokerages have also weighed in on HUYA. Citigroup restated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Trading Up 1.1%

HUYA opened at $2.29 on Monday. The company’s 50 day moving average is $2.25 and its 200-day moving average is $2.58. HUYA has a 1-year low of $2.02 and a 1-year high of $4.93. The company has a market cap of $524.11 million, a P/E ratio of -38.24 and a beta of 0.78.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $256.01 million for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. On average, equities analysts forecast that HUYA will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in HUYA stock. AXQ Capital LP acquired a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,773 shares of the company’s stock, valued at approximately $101,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc (NYSE: HUYA) operates a game-focused live-streaming platform in China. Through its Huya service, the company enables users to watch and interact with live broadcasts of video games, esports competitions and other entertainment content on computers and mobile devices.

The company provides services for viewers, streamers, game developers and esports organizers. Its offerings include live game broadcasts, esports event coverage, user-generated content, interactive community features and tools that allow creators to produce and distribute livestreams.