Tuya Inc. (NYSE:TUYA - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 163,575 shares changed hands during mid-day trading, a decline of 40% from the previous session's volume of 272,015 shares.The stock last traded at $1.56 and had previously closed at $1.60.
Tuya Stock Up 2.5 %
The stock has a market capitalization of $827.19 million, a price-to-earnings ratio of -20.50 and a beta of 0.34. The business has a 50-day simple moving average of $1.59 and a two-hundred day simple moving average of $1.75.
Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings data on Monday, May 20th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Tuya had a negative return on equity of 2.82% and a negative net margin of 17.53%. The company had revenue of $61.66 million during the quarter, compared to the consensus estimate of $54.66 million. On average, analysts forecast that Tuya Inc. will post -0.03 EPS for the current year.
Institutional Investors Weigh In On Tuya
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Carmignac Gestion lifted its position in shares of Tuya by 24.2% during the 4th quarter. Carmignac Gestion now owns 4,890,200 shares of the company's stock valued at $11,247,000 after acquiring an additional 952,100 shares during the last quarter. Acadian Asset Management LLC lifted its position 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 valued at $1,132,000 after acquiring an additional 247,592 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Tuya by 10.5% during the 4th quarter. California Public Employees Retirement System now owns 459,742 shares of the company's stock valued at $1,057,000 after acquiring an additional 43,778 shares during the last quarter. IvyRock Asset Management HK Ltd acquired a new stake in shares of Tuya during the 4th quarter valued at $322,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Tuya during the 4th quarter valued at $73,000. Institutional investors and hedge funds 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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