Huya Inc (HUYA, Financial) recently encountered a notable stock price drop, falling by 5.00% to $4.09 per share, with a trading volume of 1.25 million shares and a turnover rate of 0.55%. The stock's volatility reached 4.65% during this period.
According to its latest financial report, Huya achieved a revenue of $213 million, with a net profit of $4.09 million, resulting in an earnings per share of $0.02. The company reported a gross profit of $29.67 million and a price-earnings ratio of -45.21. Among 13 rating institutions, 69% recommended buying the stock, while 31% suggested holding, with no institutions recommending selling.
In the broader entertainment industry, Huya's market segment saw a general decline of 1.14%. However, stocks like Reservoir Media Inc and Alliance Entertainment Holding Corporation posted significant gains. Meanwhile, stocks such as Bloomz Inc. and Sphere Entertainment Co. were notably active, each exhibiting turnover rates above 3.5%. Stocks like Alliance Entertainment Holding Corp and Cineverse Corp experienced heightened volatility with swings reaching over 17%.
Founded in 2011 and headquartered in Guangzhou, Huya is China's largest online game live streaming company. It provides live streaming services for popular esports games like "League of Legends" and "Honor of Kings," offering platforms both in China and internationally through Nimo TV. Tencent, which owns a 63% equity stake in Huya, holds 94% of the voting rights as of 2023.
