Shares of Tuya Inc. Sponsored ADR (NYSE:TUYA - Get Free Report) hit a new 52-week low during trading on Saturday . The company traded as low as $1.60 and last traded at $1.6050, with a volume of 7759257 shares trading hands. The stock had previously closed at $1.76.
Wall Street Analyst Weigh In
A number of research analysts have commented on TUYA shares. Weiss Ratings restated a "hold (c)" rating on shares of Tuya in a research note on Monday, July 20th. Wall Street Zen raised shares of Tuya from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $3.69.
Check Out Our Latest Stock Report on TUYA
Tuya Price Performance
The company has a 50-day moving average price of $1.78 and a 200-day moving average price of $2.05. The company has a market capitalization of $871.85 million, a price-to-earnings ratio of 14.59 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.23 and a current ratio of 8.74.
Tuya (NYSE:TUYA - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.03 EPS for the quarter. The business had revenue of $92.94 million during the quarter. Tuya had a net margin of 20.16% and a return on equity of 6.74%. On average, equities research analysts expect that Tuya Inc. Sponsored ADR will post 0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Tuya
A hedge fund recently bought a new stake in Tuya stock. SG Americas Securities LLC purchased a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,300 shares of the company's stock, valued at approximately $128,000. 11.47% of the stock is owned by hedge funds and other institutional investors.
About Tuya
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Get Free Report)
Tuya Inc NYSE: TUYA is a global technology company that provides an Internet of Things (IoT) cloud platform. Its platform helps brands, original equipment manufacturers, retailers and developers connect, manage and operate smart devices and deliver connected-device applications and services.
The company offers cloud-based tools for device connectivity, data management, software development and device operations. Its products and services support smart-home, lighting, appliances, security, energy-management and other connected-device applications.
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