Shares of Tuya Inc. Sponsored ADR (NYSE:TUYA – Get Free Report) reached a new 52-week low on Tuesday. The stock traded as low as $1.56 and last traded at $1.5950, with a volume of 7,888 shares. The stock had previously closed at $1.60.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Wall Street Zen raised Tuya from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Tuya in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.69.
View Our Latest Stock Analysis on Tuya
Tuya Stock Performance
The firm has a market capitalization of $861.03 million, a PE ratio of 14.41 and a beta of 0.53. The company has a current ratio of 8.74, a quick ratio of 8.23 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $1.74 and its two-hundred day simple moving average is $2.02.
Tuya (NYSE:TUYA – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $92.94 million for the quarter. Tuya had a return on equity of 6.74% and a net margin of 20.16%. Research analysts expect that Tuya Inc. Sponsored ADR will post 0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Tuya stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Tuya Inc. Sponsored ADR (NYSE:TUYA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 483,095 shares of the company’s stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned 0.09% of Tuya as of its most recent SEC filing. 11.47% of the stock is owned by institutional investors and hedge funds.
Tuya Company Profile
Tuya Inc is a global technology company that provides a cloud-based Internet of Things (IoT) development platform. Its services help manufacturers, brands, retailers and other businesses connect, manage and operate smart devices without building an IoT infrastructure from the ground up.
The company’s offerings include IoT platform-as-a-service tools, cloud services, device connectivity, software development tools and solutions for creating smart-device applications. Tuya supports products such as smart home appliances, lighting systems, security devices, sensors and commercial or industrial equipment.
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