Tuya Inc. (NYSE:TUYA – Get Free Report) shares were up 3.3% during trading on Wednesday . The stock traded as high as $1.58 and last traded at $1.56. Approximately 295,716 shares traded hands during trading, a decline of 31% from the average daily volume of 431,438 shares. The stock had previously closed at $1.51.
Tuya Stock Performance
The firm’s fifty day simple moving average is $1.49 and its 200 day simple moving average is $1.69. The firm has a market cap of $786.85 million, a P/E ratio of -18.88 and a beta of 0.35.
Tuya (NYSE:TUYA – Get Free Report) last released its quarterly earnings data on Monday, August 26th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Tuya had a negative net margin of 6.20% and a negative return on equity of 0.65%. The business had revenue of $73.28 million during the quarter, compared to the consensus estimate of $69.36 million.
Tuya Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in shares of Tuya in the 2nd quarter valued at about $27,000. Acadian Asset Management LLC lifted its stake in Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after purchasing an additional 247,592 shares during the last quarter. Finally, Carmignac Gestion lifted its stake in Tuya by 24.2% in the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock worth $11,247,000 after purchasing an additional 952,100 shares during the last quarter. Institutional investors own 11.47% of the company’s stock.
Tuya Company Profile
Tuya Inc offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices.
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