Tuya (NYSE:TUYA) Reaches New 12-Month Low – Here’s What Happened

Tuya Inc. Sponsored ADR (NYSE:TUYA)’s share price reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $1.56 and last traded at $1.5950, with a volume of 7,888 shares traded. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

TUYA has been the subject of several analyst reports. Wall Street Zen raised shares of Tuya from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a research report on Friday, October 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.69.

Tuya Stock Up 0.3%

The business has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $2.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.23 and a current ratio of 8.74. The company has a market cap of $893.63 million, a price-to-earnings ratio of 15.05 and a beta of 0.69.

Tuya (NYSE:TUYA) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.03 EPS for the quarter. Tuya had a return on equity of 6.74% and a net margin of 20.16%. The business had revenue of $92.94 million during the quarter. On average, equities analysts anticipate that Tuya Inc. Sponsored ADR will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tuya

A hedge fund recently bought a new stake in Tuya stock. Public Employees Retirement System of Ohio bought a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 483,095 shares of the company’s stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned about 0.09% of Tuya at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.47% of the company’s stock.

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.