HUYA (NYSE:HUYA) Shares Gap Down – Should You Sell?

HUYA Inc. (NYSE:HUYA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.54, but opened at $4.30. HUYA shares last traded at $3.74, with a volume of 2,317,939 shares traded.

HUYA Price Performance

The firm has a market capitalization of $861.35 million, a PE ratio of -42.28 and a beta of 0.72. The firm has a fifty day moving average price of $3.68 and a 200 day moving average price of $3.69.

Institutional Trading of HUYA

A number of hedge funds have recently bought and sold shares of HUYA. WCM Investment Management LLC lifted its position in shares of HUYA by 4,396.5% in the 4th quarter. WCM Investment Management LLC now owns 2,854,171 shares of the company’s stock valued at $8,505,000 after acquiring an additional 2,790,696 shares in the last quarter. FMR LLC lifted its holdings in shares of HUYA by 236.8% in the third quarter. FMR LLC now owns 2,391,957 shares of the company’s stock valued at $12,199,000 after purchasing an additional 1,681,800 shares in the last quarter. Monolith Management Ltd purchased a new stake in shares of HUYA in the fourth quarter valued at $2,144,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of HUYA by 66.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 758,281 shares of the company’s stock worth $2,328,000 after buying an additional 302,988 shares during the period. Finally, Caxton Associates LP grew its holdings in shares of HUYA by 79.6% during the fourth quarter. Caxton Associates LP now owns 508,296 shares of the company’s stock valued at $1,560,000 after buying an additional 225,341 shares in the last quarter. 23.20% of the stock is owned by hedge funds and other institutional investors.

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.