Tuya (NYSE:TUYA) Sets New 1-Year Low – Should You Sell?

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TUYA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a research report on Friday, October 16th. Wall Street Zen raised Tuya from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $3.69.

Tuya Stock Down 0.9%

The firm has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $2.03. The company has a market capitalization of $871.90 million, a P/E ratio of 14.59 and a beta of 0.53. The company has a quick ratio of 8.23, a current ratio of 8.74 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tuya stock. Public Employees Retirement System of Ohio bought a new stake in Tuya Inc. Sponsored ADR (NYSE:TUYA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC). 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.