HUYA (NYSE:HUYA) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

HUYA Inc. Sponsored ADR (NYSE:HUYA)’s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $2.20 and traded as low as $2.15. HUYA shares last traded at $2.1650, with a volume of 568,477 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings downgraded HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen raised HUYA from a “sell” rating to a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.40.

HUYA Price Performance

The business’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.76. The firm has a market capitalization of $494.42 million, a PE ratio of -36.08 and a beta of 0.84.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. The business had revenue of $256.01 million during the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. Analysts expect that HUYA Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On HUYA

An institutional investor recently bought a new position in HUYA stock. Public Employees Retirement System of Ohio purchased a new position in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 190,599 shares of the company’s stock, valued at approximately $438,000. Public Employees Retirement System of Ohio owned about 0.09% of HUYA as of its most recent SEC filing. 23.20% of the stock is owned by hedge funds and other institutional investors.

HUYA Company Profile

HUYA Inc. operates online game livestreaming and interactive entertainment platforms. Its services connect viewers with game streamers and esports events, and include live video, chat and other interactive features, as well as advertising and related services for game publishers and content creators. The company’s flagship platform, Huya Live, serves users in China. HUYA has also used Nimo TV to reach audiences in international markets. The business grew out of the game livestreaming operations of YY, a Chinese social media company, and HUYA became a publicly listed company in 2018.