This Chinese Tech Stock Could Be the Ultimate Coronavirus Play
The novel coronavirus (COVID-19) pandemic is sparking indiscriminate selling across multiple sectors worldwide, but many babies are being tossed out with the bathwater. Huya (NYSE: HUYA), which owns the top video game streaming platform in China, is one of those babies.
Huya recently posted fourth-quarter earnings that easily beat analysts' expectations, and offered rosy guidance for the first quarter. Yet the stock barely budged, and remains just slightly above its IPO price of $12 per share. Let's dig deeper to see why Huya's stock offers investors a great way to weather the coronavirus crisis.
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Source Fool.com
