Shares of Tuya Inc. (NYSE:TUYA - Get Free Report) rose 4.9% on Monday . The company traded as high as $1.74 and last traded at $1.72. Approximately 110,785 shares traded hands during trading, a decline of 60% from the average daily volume of 276,329 shares. The stock had previously closed at $1.64.
Tuya Price Performance
The firm has a 50 day moving average price of $1.59 and a 200-day moving average price of $1.75. The firm has a market cap of $902.85 million, a price-to-earnings ratio of -22.13 and a beta of 0.34.
Hedge Funds Weigh In On Tuya
A number of hedge funds and other institutional investors have recently bought and sold shares of TUYA. XTX Topco Ltd acquired a new stake in shares of Tuya in the 2nd quarter valued at approximately $27,000. Acadian Asset Management LLC boosted its position in shares of Tuya by 59.2% during 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 in the last quarter. Carmignac Gestion grew its holdings in shares of Tuya by 24.2% in the 4th quarter. Carmignac Gestion now owns 4,890,200 shares of the company's stock valued at $11,247,000 after buying an additional 952,100 shares during the period. IvyRock Asset Management HK Ltd bought a new stake in shares of Tuya in the 4th quarter valued at $322,000. Finally, Russell Investments Group Ltd. acquired a new stake in Tuya during the 4th quarter worth $73,000. 11.47% of the stock is owned by institutional investors.
Tuya Company Profile
(
Get 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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