HUYA (NYSE:HUYA) Shares Gap Down to $19.25

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HUYA Inc – (NYSE:HUYA) gapped down prior to trading on Wednesday . The stock had previously closed at $18.52, but opened at $19.25. HUYA shares last traded at $18.90, with a volume of 3,769,810 shares traded.

HUYA has been the subject of several research analyst reports. TheStreet cut HUYA from a “c-” rating to a “d+” rating in a research report on Tuesday, November 12th. ValuEngine downgraded HUYA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. HSBC started coverage on HUYA in a report on Monday, September 16th. They issued a “buy” rating on the stock. Morgan Stanley downgraded HUYA from an “overweight” rating to an “equal” rating and dropped their price target for the stock from $28.00 to $23.00 in a research note on Monday. Finally, Zacks Investment Research lowered shares of HUYA from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. HUYA presently has an average rating of “Buy” and an average target price of $27.05.

The firm has a market cap of $4.19 billion, a P/E ratio of 187.10 and a beta of 1.88. The firm’s fifty day simple moving average is $22.46 and its 200 day simple moving average is $23.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.66 and a current ratio of 4.66.

HUYA (NYSE:HUYA) last issued its earnings results on Tuesday, November 12th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.81. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.16 billion. HUYA had a return on equity of 5.88% and a net margin of 5.50%. The business’s revenue was up 77.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts predict that HUYA Inc – will post 0.27 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in HUYA by 23.3% in the third quarter. Millennium Management LLC now owns 197,601 shares of the company’s stock worth $4,671,000 after purchasing an additional 37,391 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of HUYA by 449.9% in the 3rd quarter. Squarepoint Ops LLC now owns 100,896 shares of the company’s stock worth $2,385,000 after buying an additional 82,549 shares during the last quarter. Sylebra Capital Ltd raised its position in shares of HUYA by 8.7% during the 3rd quarter. Sylebra Capital Ltd now owns 3,172,039 shares of the company’s stock valued at $74,987,000 after buying an additional 253,070 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of HUYA by 272.4% during the 3rd quarter. Penserra Capital Management LLC now owns 170,819 shares of the company’s stock valued at $4,036,000 after buying an additional 124,947 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of HUYA in the 3rd quarter valued at about $499,000. Institutional investors and hedge funds own 26.12% of the company’s stock.

About HUYA (NYSE:HUYA)

HUYA Inc, through 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 also provides advertising and online game-related services. As of December 31, 2017, its live streaming content covered approximately 2,600 games, including mobile, PC, and console games.

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