Tuya Inc. (NYSE:TUYA – Get Free Report)’s share price rose 4.5% during trading on Tuesday . The company traded as high as $1.73 and last traded at $1.73. Approximately 329,776 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 458,329 shares. The stock had previously closed at $1.65.
Tuya Stock Performance
The stock has a market cap of $890.25 million, a PE ratio of -20.63 and a beta of 0.35. The firm’s 50-day moving average is $1.49 and its 200 day moving average is $1.69.
Tuya (NYSE:TUYA – Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $73.28 million for the quarter, compared to the consensus estimate of $69.36 million. Tuya had a negative return on equity of 0.65% and a negative net margin of 6.20%.
Tuya Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Carmignac Gestion raised its position in Tuya by 24.2% during the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock worth $11,247,000 after acquiring an additional 952,100 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock valued at $1,132,000 after acquiring an additional 247,592 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Tuya in the 2nd quarter worth about $27,000. 11.47% of the stock is owned by hedge funds and other institutional investors.
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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