HUYA (NYSE:HUYA) Shares Up 8.4%

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

Wall Street Analyst Weigh In

Separately, Bank of America upgraded HUYA from a “neutral” rating to a “buy” rating and set a $5.80 price objective for the company in a research note on Monday, March 25th.

HUYA Trading Down 8.1 %

The firm has a market cap of $1.00 billion, a PE ratio of -38.27 and a beta of 0.61. The stock has a 50 day simple moving average of $4.49 and a 200-day simple moving average of $3.76.

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

HUYA Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, May 24th. Shareholders 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacob Asset Management of New York LLC lifted its holdings in shares of HUYA by 23.9% in the 3rd quarter. Jacob Asset Management of New York LLC now owns 407,010 shares of the company’s stock valued at $1,156,000 after acquiring an additional 78,415 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of HUYA by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 102,011 shares of the company’s stock valued at $290,000 after acquiring an additional 5,595 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of HUYA in the 3rd quarter valued at about $1,796,000. Quantbot Technologies LP lifted its holdings in shares of HUYA by 70.5% in the 3rd quarter. Quantbot Technologies LP now owns 33,768 shares of the company’s stock valued at $96,000 after acquiring an additional 13,968 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of HUYA in the 3rd quarter valued at about $30,000. 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.