Tuya (NYSE:TUYA) Hits New 12-Month Low – What’s Next?

Tuya Inc. Sponsored ADR (NYSE:TUYA) shares reached a new 52-week low on Wednesday. The stock traded as low as $1.60 and last traded at $1.6050, with a volume of 212,686 shares traded. The stock had previously closed at $1.62.

Analyst Upgrades and Downgrades

Several research firms recently commented on TUYA. Wall Street Zen raised Tuya from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings reiterated 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.69.

Tuya Price Performance

The company has a quick ratio of 8.23, a current ratio of 8.74 and a debt-to-equity ratio of 0.01. The company has a market cap of $877.33 million, a PE ratio of 14.68 and a beta of 0.53. The stock has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $2.03.

Tuya (NYSE:TUYA) last posted its earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter. The company had revenue of $92.94 million for the quarter. Tuya had a net margin of 20.16% and a return on equity of 6.74%. Equities analysts expect that Tuya Inc. Sponsored ADR will post 0.12 EPS for the current year.

Institutional Trading of Tuya

A hedge fund recently bought a new stake in Tuya stock. Public Employees Retirement System of Ohio acquired a new position in shares of Tuya Inc. Sponsored ADR (NYSE:TUYA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 483,095 shares of the company’s stock, valued at approximately $850,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Tuya as of its most recent filing with the Securities & Exchange Commission. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

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.