Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Tuya Inc. (NYSE:TUYA - Free Report) by 91.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 633,686 shares of the company's stock after buying an additional 302,261 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Tuya worth $1,046,000 as of its most recent SEC filing.
Separately, XTX Topco Ltd bought a new position in shares of Tuya during the second quarter valued at about $27,000. 11.47% of the stock is owned by hedge funds and other institutional investors.
Tuya Stock Up 3.7 %
Shares of TUYA traded up $0.06 during trading hours on Thursday, hitting $1.66. The company had a trading volume of 1,283,520 shares, compared to its average volume of 531,187. Tuya Inc. has a 52-week low of $1.28 and a 52-week high of $2.50. The stock's 50 day moving average price is $1.60 and its 200 day moving average price is $1.64. The firm has a market cap of $837.28 million, a P/E ratio of -55.33 and a beta of 0.37.
Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. The business had revenue of $73.28 million for the quarter, compared to analysts' expectations of $69.36 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.
Tuya Company Profile
(
Free Report)
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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