HUYA (NYSE:HUYA) Stock Price Up 0.2% – Time to Buy?

HUYA Inc. Sponsored ADR (NYSE:HUYA) shares rose 0.2% during trading on Friday . The stock traded as high as $2.53 and last traded at $2.4750. Approximately 845,013 shares changed hands during trading, a decline of 41% from the average daily volume of 1,443,103 shares. The stock had previously closed at $2.47.

Wall Street Analysts Forecast Growth

HUYA has been the topic of several recent analyst reports. Zacks Research downgraded HUYA from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research note on Monday, April 27th. Finally, Morgan Stanley set a $3.40 target price on HUYA in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.45.

HUYA Trading Up 0.2%

The stock has a market capitalization of $553.24 million, a PE ratio of -41.24 and a beta of 0.85. The stock has a 50 day moving average price of $2.93 and a 200-day moving average price of $3.28.

HUYA (NYSE:HUYA) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $251.85 million. HUYA had a positive return on equity of 0.40% and a negative net margin of 1.76%. Research analysts forecast that HUYA Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

HUYA Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. HUYA’s dividend payout ratio (DPR) is currently -4,766.67%.

HUYA declared that its Board of Directors has approved a share buyback program on Wednesday, March 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On HUYA

A hedge fund recently raised its stake in HUYA stock. Public Employees Retirement System of Ohio increased its stake in HUYA Inc. Sponsored ADR (NYSE:HUYA) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 245,295 shares of the company’s stock after purchasing an additional 19,353 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.11% of HUYA worth $817,000 at the end of the most recent quarter. 23.20% of the stock is owned by institutional investors and hedge funds.

About HUYA

HUYA Inc is a leading interactive live streaming platform based in Guangzhou, China, primarily focused on video game and esports content. The company operates a proprietary technology platform that enables users to broadcast and view live gameplay, participate in real-time chat, and engage with hosts through virtual gifting. Its services are accessible via web browsers, desktop applications and mobile apps for both iOS and Android.

At the core of HUYA’s business are user-generated live streams hosted by professional gamers, influencers and esports organizations.