Tuya (NYSE:TUYA) Hits New 52-Week Low – Time to Sell?

by · The Cerbat Gem

Tuya Inc. Sponsored ADR (NYSE:TUYA – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $1.60 and last traded at $1.6050, with a volume of 7759257 shares traded. The stock had previously closed at $1.76.

Wall Street Analyst Weigh In

TUYA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a research report on Monday, July 20th. Wall Street Zen raised Tuya from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Tuya has an average rating of “Moderate Buy” and an average target price of $3.69.

Check Out Our Latest Report on TUYA

Tuya Stock Performance

The company has a current ratio of 8.74, a quick ratio of 8.23 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $871.85 million, a price-to-earnings ratio of 14.59 and a beta of 0.56. The stock’s 50 day moving average price is $1.78 and its two-hundred day moving average price is $2.05.

Tuya (NYSE:TUYA – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter. The company 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, analysts forecast that Tuya Inc. Sponsored ADR will post 0.12 EPS for the current year.

Institutional Inflows and Outflows

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

About Tuya

(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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