HUYA (NYSE:HUYA) Stock Price Up 8.4%

HUYA Inc. (NYSE:HUYA)’s stock price rose 8.4% during trading on Thursday . The company traded as high as $4.27 and last traded at $4.25. Approximately 961,897 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 1,412,323 shares. The stock had previously closed at $3.92.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price target on the stock in a report on Monday, March 25th.

HUYA Price Performance

The stock has a market capitalization of $1.00 billion, a P/E ratio of -38.27 and a beta of 0.61. The firm’s 50 day moving average price is $4.49 and its 200 day moving average price is $3.76.

HUYA (NYSE:HUYA) last issued its quarterly earnings data on Tuesday, March 19th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $215.47 million for the quarter, compared to the consensus estimate of $206.51 million. HUYA had a negative net margin of 2.80% and a positive return on equity of 0.30%. On average, equities research analysts forecast that HUYA Inc. will post 0.11 earnings per share for the current year.

HUYA Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Thursday, May 9th.

Hedge Funds Weigh In On HUYA

A number of institutional investors have recently bought and sold shares of the stock. BRIGHT VALLEY CAPITAL Ltd bought a new position in shares of HUYA during the fourth quarter valued at approximately $16,189,000. Point72 Hong Kong Ltd grew its holdings in shares of HUYA by 2,008.2% during the fourth quarter. Point72 Hong Kong Ltd now owns 4,551,795 shares of the company’s stock valued at $16,660,000 after buying an additional 4,335,884 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of HUYA during the third quarter valued at approximately $1,796,000. Lansdowne Partners UK LLP purchased a new stake in shares of HUYA during the third quarter valued at approximately $1,560,000. Finally, Caxton Associates LP grew its holdings in shares of HUYA by 797.0% during the third quarter. Caxton Associates LP now owns 190,862 shares of the company’s stock valued at $542,000 after buying an additional 169,583 shares during the last quarter. 23.20% of the stock is owned by institutional investors.

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.