HUYA (NYSE:HUYA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) saw unusually-strong trading volume on Tuesday . Approximately 4,708,555 shares traded hands during trading, an increase of 88% from the previous session’s volume of 2,510,586 shares.The stock last traded at $4.2720 and had previously closed at $3.57.

Wall Street Analyst Weigh In

HUYA has been the subject of a number of analyst reports. HSBC raised HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Finally, Hsbc Global Res upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.50.

HUYA Price Performance

The company has a market cap of $972.95 million, a P/E ratio of -48.94 and a beta of 0.80. The stock’s 50-day moving average is $3.11 and its two-hundred day moving average is $3.18.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $215.93 million for the quarter, compared to the consensus estimate of $1.69 billion. HUYA had a positive return on equity of 0.73% and a negative net margin of 2.63%.The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. On average, analysts predict that HUYA Inc. Sponsored ADR will post 0.16 EPS for the current year.

Institutional Investors Weigh In On HUYA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P lifted its position in HUYA by 327.0% during the second quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after purchasing an additional 7,867 shares in the last quarter. SG Americas Securities LLC increased its position in HUYA by 92.1% in the third quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock worth $286,000 after buying an additional 41,138 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of HUYA by 10.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 154,694 shares of the company’s stock worth $497,000 after buying an additional 14,456 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 10.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,942 shares of the company’s stock valued at $795,000 after buying an additional 21,273 shares in the last quarter. 23.20% of the stock is currently owned by hedge funds and other institutional investors.

About HUYA

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.