HUYA (NYSE:HUYA) Issues Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

HUYA (NYSE:HUYA – Get Free Report) posted its earnings results on Wednesday. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01, Zacks reports. The business had revenue of $215.93 million during the quarter, compared to the consensus estimate of $1.69 billion. HUYA had a negative net margin of 2.45% and a positive return on equity of 1.35%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS.

HUYA Stock Up 2.1%

HUYA traded up $0.06 during trading on Thursday, reaching $2.74. The company had a trading volume of 791,233 shares, compared to its average volume of 1,796,469. The business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.37. The stock has a market cap of $608.13 million, a P/E ratio of -30.39 and a beta of 0.67. HUYA has a 52 week low of $2.21 and a 52 week high of $4.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HUYA shares. Zacks Research upgraded HUYA to a “hold” rating in a research note on Monday, September 8th. HSBC upgraded HUYA from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of HUYA in a research report on Wednesday, October 8th. Finally, Hsbc Global Res upgraded shares of HUYA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.25.

Check Out Our Latest Report on HUYA

Institutional Trading of HUYA

A hedge fund recently raised its stake in HUYA stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HUYA Inc. Sponsored ADR (NYSE:HUYA – Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,694 shares of the company’s stock after purchasing an additional 14,456 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of HUYA worth $497,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 23.20% of the company’s stock.

HUYA Company Profile

(Get Free Report)

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.

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