Tuya (NYSE:TUYA) Reaches New 52-Week Low – Here’s What Happened

Tuya Inc. Sponsored ADR (NYSE:TUYA)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $1.67 and last traded at $1.6910, with a volume of 201848 shares. The stock had previously closed at $1.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Tuya in a report on Wednesday, April 22nd. One equities 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 stock has a consensus rating of “Moderate Buy” and an average price target of $3.69.

Tuya Price Performance

The company has a current ratio of 6.94, a quick ratio of 6.65 and a debt-to-equity ratio of 0.01. The firm has a market cap of $931.60 million, a P/E ratio of 17.15 and a beta of 0.45. The company has a fifty day moving average price of $1.96 and a two-hundred day moving average price of $2.18.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $80.88 million during the quarter. Tuya had a return on equity of 6.20% and a net margin of 19.10%. Equities analysts anticipate that Tuya Inc. Sponsored ADR will post 0.1 earnings per share for the current year.

Tuya Dividend Announcement

The business also recently declared 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. Tuya’s dividend payout ratio is 40.00%.

Institutional Investors Weigh In On Tuya

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Tuya in the 1st quarter valued at $128,000. Natixis Advisors LLC bought a new position in Tuya during the 3rd quarter worth about $246,000. Goldman Sachs Group Inc. increased its holdings in Tuya by 75.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after purchasing an additional 157,978 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Tuya by 45.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock worth $2,474,000 after purchasing an additional 256,418 shares in the last quarter. 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.