JOYY Inc. (NASDAQ:YY) spotted trading -36.12% off 52-week high price. On the other end, the stock has been noted 37.35% away from the low price over the last 52-weeks. The stock changed 3.92% to recent value of $56.76. The stock transacted 1921733 shares during most recent day however it has an average volume of 1.18M shares. The company has 82.71M of outstanding shares and 30.64M shares were floated in the market.
On April 3, 2020, JOYY Inc. (NASDAQ:YY) a global social media platform, declared that, JOYY has transferred 16,523,819 Class B ordinary shares of HUYA Inc. (NYSE: HUYA) (Huya), a leading game live streaming platform in China, to Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited (Tencent) for an aggregate purchase price of approximately US$262.6 million in cash, pursuant to Tencent’s exercise of its option to purchase additional shares of Huya from JOYY. The purchase price was determined based on the average closing prices of Huya’s American depositary shares in the last 20 trading days prior to the receipt of Tencent’s written exercise notice by JOYY and Huya in accordance with Huya’s second amended and restated shareholders agreement dated March 8, 2018. As a result of the closing of the share transfer, Tencent increased its voting power in Huya to 50.1% on a fully-diluted basis, or 50.9% calculated based on the total issued and outstanding shares of Huya, and will consolidate financial statements of Huya. Immediately after the share transfer, JOYY held 68,374,463 Class B ordinary shares of Huya, representing approximately 43.0% of the total voting power calculated based on the total issued and outstanding shares of Huya.
Mr. David Xueling Li, Chairman and Chief Executive Officer of JOYY, said, We are privileged to have witnessed Huya’s rapid growth and achievements to become a leading game live streaming platform in China since its inception, demonstrating strong capabilities of Huya’s management team and innovation genes of JOYY Group. We believe Tencent’s global leading position in the gaming industry makes Huya well-positioned to open up a new dimension of growth opportunities. JOYY will remain committed to our short-form video and live streaming products in the global market and we hope this transaction could bring additional values for all parties and maximize the long-term interests of JOYY’s shareholders in various ways.
Its earnings per share (EPS) expected to touch remained 6.70% for this year while earning per share for the next 5-years is expected to reach at 1.68%. YY has a gross margin of 33.00% and an operating margin of 4.20% while its profit margin remained 13.20% for the last 12 months.
According to the most recent quarter its current ratio was 3.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.87% from the mean of 20 days, 0.69% from mean of 50 days SMA and performed -4.77% from mean of 200 days price. Company’s performance for the week was 5.17%, -3.11% for month and YTD performance remained 7.52%.