HUYA (NYSE:HUYA) Trading 11.1% Higher

HUYA Inc. (NYSE:HUYA) rose 11.1% during trading on Thursday . The company traded as high as $6.20 and last traded at $6.20. Approximately 993,052 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 1,454,986 shares. The stock had previously closed at $5.58.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of HUYA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. Bank of America upgraded HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price target for the company in a research note on Monday, March 25th.

HUYA Trading Down 2.1 %

The business’s 50 day moving average price is $4.68 and its 200-day moving average price is $3.86.

HUYA (NYSE:HUYA) last announced its quarterly earnings data on Tuesday, March 19th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $215.47 million during the quarter, compared to analysts’ expectations of $206.51 million. HUYA had a negative net margin of 2.67% and a positive return on equity of 0.59%. Research analysts predict that HUYA Inc. will post 0.11 EPS for the current year.

HUYA Announces Dividend

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

Hedge Funds Weigh In On HUYA

Large investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in HUYA during the third quarter worth about $30,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HUYA in the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its stake in HUYA by 306.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,009 shares of the company’s stock valued at $33,000 after purchasing an additional 6,791 shares in the last quarter. QRG Capital Management Inc. acquired a new position in HUYA during the third quarter worth $39,000. Finally, Bayesian Capital Management LP boosted its position in HUYA by 22.0% during the first quarter. Bayesian Capital Management LP now owns 19,374 shares of the company’s stock worth $88,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

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.