Tuya Inc. (NYSE:TUYA – Get Rating)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $2.95, but opened at $2.87. Tuya shares last traded at $2.90, with a volume of 2,093 shares trading hands.
TUYA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Tuya from a “hold” rating to a “sell” rating in a research report on Tuesday, March 22nd. Morgan Stanley cut shares of Tuya from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $9.20 to $7.20 in a research report on Monday, February 21st. Finally, The Goldman Sachs Group started coverage on shares of Tuya in a research report on Monday. They set a “neutral” rating for the company.
The stock has a market capitalization of $1.72 billion and a price-to-earnings ratio of -7.37. The business’s 50-day moving average is $4.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.35 and a current ratio of 10.92.
About Tuya (NYSE:TUYA)
Tuya Inc operates an Internet of Things (IoT) cloud platform worldwide. It provides IoT cloud platform that delivers a suite of offerings, including Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS) to original equipment manufacturers, industry operators, and system integrators. The company's IoT PaaS enables businesses and developers to develop, launch, manage, and monetize software-enabled devices and services; and industry SaaS offering enables businesses to deploy, connect, and manage various types of smart devices.
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