HUYA (NYSE:HUYA) Shares Gap Down – Here’s What Happened

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $3.46, but opened at $3.10. HUYA shares last traded at $3.0950, with a volume of 1,861,989 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on HUYA. Zacks Research upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a report on Monday, December 29th. Finally, Morgan Stanley set a $3.40 price objective on shares of HUYA in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.45.

HUYA Price Performance

The company has a market cap of $686.99 million, a PE ratio of -34.16 and a beta of 0.89. The stock has a fifty day moving average price of $3.84 and a 200-day moving average price of $3.34.

Institutional Investors Weigh In On HUYA

A number of institutional investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P grew its stake in HUYA by 327.0% during the 2nd quarter. Loomis Sayles & Co. L P now owns 10,273 shares of the company’s stock valued at $36,000 after acquiring an additional 7,867 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of HUYA by 92.1% in the 3rd quarter. SG Americas Securities LLC now owns 85,796 shares of the company’s stock valued at $286,000 after purchasing an additional 41,138 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 purchasing an additional 14,456 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of HUYA by 8.6% in the third quarter. Public Employees Retirement System of Ohio now owns 245,295 shares of the company’s stock worth $817,000 after purchasing an additional 19,353 shares in the last quarter. 23.20% of the stock is currently owned by institutional investors and hedge funds.

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.