Wall Street Zen Downgrades HUYA (NYSE:HUYA) to Sell

HUYA (NYSE:HUYA) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

HUYA has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating on shares of HUYA in a research report on Wednesday, August 12th. Weiss Ratings lowered HUYA from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $3.45.

HUYA Stock Performance

Shares of NYSE HUYA opened at $2.38 on Friday. The company has a market capitalization of $542.38 million, a P/E ratio of -39.58 and a beta of 0.88. HUYA has a 52-week low of $2.02 and a 52-week high of $4.93. The company’s 50 day moving average price is $2.26 and its 200-day moving average price is $2.62.

HUYA (NYSE:HUYA) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.02 EPS for the quarter. HUYA had a negative net margin of 1.59% and a positive return on equity of 0.20%. The company had revenue of $256.01 million for the quarter. Analysts forecast that HUYA will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in HUYA stock. AXQ Capital LP purchased a new position in HUYA Inc. Sponsored ADR (NYSE:HUYA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,773 shares of the company’s stock, valued at approximately $101,000. Institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

HUYA Inc is a China-based interactive entertainment company that operates a leading game live-streaming platform. Through its website and mobile applications, the company enables users to watch and participate in live broadcasts of video games, esports competitions, entertainment programming, and other digital content.

HUYA generates revenue through virtual gifts and memberships, advertising, and game-related services. Its platform provides broadcasters and content creators with tools for live streaming, audience interaction, and community building.