Tuya Inc. Sponsored ADR (NYSE:TUYA – Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.91 and last traded at $1.9350, with a volume of 675318 shares changing hands. The stock had previously closed at $2.01.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a report on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $3.69 price objective on shares of Tuya in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Tuya currently has an average rating of “Moderate Buy” and a consensus target price of $3.69.
Check Out Our Latest Research Report on Tuya
Tuya Trading Down 2.7%
Tuya (NYSE:TUYA – Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. The business had revenue of $80.88 million during the quarter. Tuya had a net margin of 19.10% and a return on equity of 6.20%. As a group, sell-side analysts expect that Tuya Inc. Sponsored ADR will post 0.1 earnings per share for the current fiscal year.
Tuya Dividend Announcement
The firm also recently announced a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were given a $0.0605 dividend. The ex-dividend date was Wednesday, March 18th.
Institutional Investors Weigh In On Tuya
A number of hedge funds have recently modified their holdings of TUYA. Goldman Sachs Group Inc. raised its position in shares of Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after buying an additional 157,978 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Tuya by 45.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock valued at $2,474,000 after buying an additional 256,418 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Tuya in the third quarter valued at about $51,000. SBI Securities Co. Ltd. raised its position in shares of Tuya by 329.9% in the third quarter. SBI Securities Co. Ltd. now owns 29,480 shares of the company’s stock valued at $73,000 after buying an additional 22,622 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new stake in shares of Tuya in the third quarter valued at about $246,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.
About Tuya
Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.
At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.
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