HUYA (NYSE:HUYA) Downgraded to “Neutral” Rating by Daiwa Capital Markets

Daiwa Capital Markets cut shares of HUYA (NYSE:HUYAFree Report) from an outperform rating to a neutral rating in a report published on Tuesday morning, MarketBeat Ratings reports.

HUYA Trading Down 18.4 %

NYSE HUYA opened at $3.71 on Tuesday. The firm’s fifty day moving average price is $3.70 and its two-hundred day moving average price is $3.68. HUYA has a 1 year low of $2.82 and a 1 year high of $6.84. The firm has a market capitalization of $838.71 million, a P/E ratio of -41.17 and a beta of 0.72.

Institutional Trading of HUYA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Seldon Capital LP bought a new stake in HUYA during the third quarter worth $51,000. Two Sigma Securities LLC bought a new position in shares of HUYA in the fourth quarter valued at about $43,000. XTX Topco Ltd bought a new position in shares of HUYA in the third quarter valued at about $90,000. Smith Anglin Financial LLC raised its position in shares of HUYA by 27.9% in the fourth quarter. Smith Anglin Financial LLC now owns 18,367 shares of the company’s stock valued at $56,000 after purchasing an additional 4,002 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of HUYA by 18.9% in the third quarter. Quantbot Technologies LP now owns 23,224 shares of the company’s stock valued at $118,000 after purchasing an additional 3,685 shares during the period. 23.20% of the stock is owned by institutional investors.

HUYA Company Profile

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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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Analyst Recommendations for HUYA (NYSE:HUYA)

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