HUYA (NYSE:HUYA) Reaches New 52-Week Low – Should You Sell?

HUYA Inc. Sponsored ADR (NYSE:HUYA) reached a new 52-week low on Friday . The stock traded as low as $2.15 and last traded at $2.2450, with a volume of 374282 shares changing hands. The stock had previously closed at $2.19.

Analysts Set New Price Targets

A number of brokerages have issued reports on HUYA. Weiss Ratings cut HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Zacks Research lowered HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HUYA has a consensus rating of “Hold” and an average price target of $3.45.

HUYA Trading Up 3.0%

The company’s 50-day simple moving average is $2.74 and its 200-day simple moving average is $3.24. The stock has a market capitalization of $504.06 million, a price-to-earnings ratio of -37.58 and a beta of 0.85.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). HUYA had a negative net margin of 1.76% and a positive return on equity of 0.40%. The business had revenue of $250.68 million for the quarter, compared to the consensus estimate of $251.85 million. On average, equities research analysts expect that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current fiscal year.

HUYA declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its position in HUYA stock. Public Employees Retirement System of Ohio grew its stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,295 shares of the company’s stock after buying an additional 19,353 shares during the period. Public Employees Retirement System of Ohio owned 0.11% of HUYA worth $817,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.