Tuya (NYSE:TUYA) Trading Down 4.9% – Here’s What Happened

Tuya Inc. (NYSE:TUYA) shares fell 4.9% during trading on Tuesday . The company traded as low as $3.14 and last traded at $3.04. 1,678,516 shares were traded during trading, a decline of 36% from the average session volume of 2,611,765 shares. The stock had previously closed at $3.19.

Tuya Stock Performance

The business has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $1.72. The firm has a market cap of $1.70 billion, a P/E ratio of -105.83 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Catalina Capital Group LLC purchased a new stake in shares of Tuya in the 4th quarter worth approximately $29,000. Virtu Financial LLC purchased a new stake in shares of Tuya in the 4th quarter worth approximately $40,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Tuya by 157.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company’s stock worth $52,000 after buying an additional 17,877 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Tuya in the 3rd quarter worth approximately $63,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Tuya in the 3rd quarter worth approximately $73,000. Hedge funds and other 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.