HUYA (NYSE:HUYA) Rating Lowered to “Neutral” at Daiwa Capital Markets

HUYA (NYSE:HUYA) was downgraded by investment analysts at Daiwa Capital Markets from an “outperform” rating to a “neutral” rating in a report released on Tuesday, MarketBeat reports.

HUYA Stock Down 6.9 %

Shares of HUYA stock opened at $3.46 on Tuesday. The firm has a market cap of $782.12 million, a PE ratio of -38.39 and a beta of 0.72. HUYA has a 12-month low of $2.82 and a 12-month high of $6.84. The company’s fifty day simple moving average is $3.71 and its two-hundred day simple moving average is $3.68.

HUYA (NYSE:HUYA) last announced its quarterly earnings results on Tuesday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. HUYA had a positive return on equity of 0.30% and a negative net margin of 2.51%. HUYA’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.48 EPS. As a group, sell-side analysts expect that HUYA will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HUYA

Large investors have recently modified their holdings of the stock. Seldon Capital LP bought a new stake in shares of HUYA during the 3rd quarter valued at about $51,000. Two Sigma Securities LLC bought a new stake in HUYA during the fourth quarter worth about $43,000. XTX Topco Ltd bought a new stake in HUYA during the third quarter worth about $90,000. Smith Anglin Financial LLC boosted its stake in HUYA by 27.9% during the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock worth $56,000 after acquiring an additional 4,002 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in HUYA by 18.9% during the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock worth $118,000 after acquiring an additional 3,685 shares in the last quarter. Institutional investors own 23.20% of the company’s stock.

About HUYA

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.