Public Employees Retirement System of Ohio Takes Position in Tuya Inc. Sponsored ADR $TUYA

Public Employees Retirement System of Ohio acquired a new position in Tuya Inc. Sponsored ADR (NYSE:TUYA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 483,095 shares of the company’s stock, valued at approximately $850,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Tuya during the first quarter worth about $128,000. Natixis Advisors LLC acquired a new position in Tuya in the 3rd quarter worth approximately $246,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 buying an additional 256,418 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position 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 buying an additional 157,978 shares during the last quarter. Institutional investors and hedge funds own 11.47% of the company’s stock.

Tuya Trading Down 1.9%

Shares of NYSE:TUYA opened at $1.82 on Thursday. Tuya Inc. Sponsored ADR has a 12-month low of $1.61 and a 12-month high of $2.71. The company has a market capitalization of $991.36 million, a PE ratio of 16.59 and a beta of 0.56. The business has a 50 day moving average of $1.79 and a two-hundred day moving average of $2.08. The company has a current ratio of 8.74, a quick ratio of 8.23 and a debt-to-equity ratio of 0.01.

Tuya (NYSE:TUYA) last issued 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 for the quarter. Tuya had a net margin of 20.16% and a return on equity of 6.74%. As a group, analysts forecast that Tuya Inc. Sponsored ADR will post 0.12 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on TUYA. Wall Street Zen upgraded shares of Tuya from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Tuya has a consensus rating of “Moderate Buy” and an average target price of $3.69.

Tuya 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.