Tuya Inc. (NYSE:TUYA - Get Free Report)'s stock price traded down 6.5% on Tuesday . The company traded as low as $1.59 and last traded at $1.66. 3,309,077 shares were traded during mid-day trading, an increase of 989% from the average session volume of 303,783 shares. The stock had previously closed at $1.77.
Tuya Stock Down 10.2 %
The firm's 50 day moving average is $1.59 and its 200-day moving average is $1.75. The firm has a market cap of $801.98 million, a PE ratio of -19.88 and a beta of 0.34.
Institutional Investors Weigh In On Tuya
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Tuya during the second quarter worth about $27,000. Acadian Asset Management LLC lifted its holdings in shares of Tuya by 59.2% during the 2nd quarter. Acadian Asset Management LLC now owns 665,730 shares of the company's stock worth $1,132,000 after acquiring an additional 247,592 shares during the period. Carmignac Gestion boosted its position in shares of 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 acquiring an additional 952,100 shares during the last quarter. IvyRock Asset Management HK Ltd purchased a new stake in Tuya in the fourth quarter valued at approximately $322,000. Finally, Russell Investments Group Ltd. acquired a new position in Tuya during the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 11.47% of the company's stock.
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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