Tuya (NYSE:TUYA) Sets New 1-Year Low – Time to Sell?

Tuya Inc. Sponsored ADR (NYSE:TUYA)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $1.91 and last traded at $1.9350, with a volume of 675318 shares traded. The stock had previously closed at $2.01.

Analyst Ratings Changes

TUYA has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tuya in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and issued a $3.69 target price on shares of Tuya in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.69.

Tuya Stock Down 3.7%

The company has a quick ratio of 6.65, a current ratio of 6.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.05 billion, a P/E ratio of 19.35 and a beta of 0.43. The company has a fifty day moving average of $2.28 and a 200 day moving average of $2.26.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.03 EPS for the quarter. The company 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%. On average, research analysts anticipate that Tuya Inc. Sponsored ADR will post 0.1 earnings per share for the current fiscal year.

Tuya Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, March 18th were given a dividend of $0.0605 per share. The ex-dividend date was Wednesday, March 18th. Tuya’s payout ratio is 40.00%.

Hedge Funds Weigh In On Tuya

Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new position in shares of Tuya in the third quarter valued at about $51,000. SBI Securities Co. Ltd. lifted its position in shares of Tuya by 329.9% in the third quarter. SBI Securities Co. Ltd. now owns 29,480 shares of the company’s stock valued at $73,000 after acquiring an additional 22,622 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Tuya in the first quarter valued at about $128,000. Natixis Advisors LLC purchased a new position in shares of Tuya in the third quarter valued at about $246,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after acquiring an additional 157,978 shares in the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

About Tuya

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.