Tuya Inc. Sponsored ADR (NYSE:TUYA – Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $1.87 and last traded at $1.8650, with a volume of 785868 shares trading hands. The stock had previously closed at $1.93.
Analyst Ratings Changes
Several brokerages have commented on TUYA. Jefferies Financial Group reiterated a “buy” rating and issued a $3.69 price target on shares of Tuya in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3.69.
Read Our Latest Stock Analysis on TUYA
Tuya Price Performance
Tuya (NYSE:TUYA – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. Tuya had a return on equity of 6.20% and a net margin of 19.10%.The company had revenue of $80.88 million during the quarter. On average, equities analysts forecast that Tuya Inc. Sponsored ADR will post 0.1 EPS for the current fiscal year.
Tuya Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, April 21st. Stockholders of record on Wednesday, March 18th were issued a $0.0605 dividend. The ex-dividend date was Wednesday, March 18th.
Institutional Trading of Tuya
Several hedge funds and other institutional investors have recently bought and sold shares of TUYA. SG Americas Securities LLC bought a new stake in Tuya in the first quarter worth $128,000. Natixis Advisors LLC purchased a new position in Tuya during the third quarter worth $246,000. Goldman Sachs Group Inc. increased its position in Tuya by 75.2% during the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after acquiring an additional 157,978 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Tuya by 45.8% during 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 acquiring an additional 256,418 shares during the last quarter. Hedge funds and other institutional investors own 11.47% of the company’s stock.
Tuya Company Profile
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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