Shares of Tuya Inc. (NYSE:TUYA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,477,757 shares changed hands during trading, an increase of 9% from the previous session's volume of 4,122,507 shares.The stock last traded at $3.48 and had previously closed at $4.06.
Tuya Stock Performance
The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -124.20 and a beta of 0.48. The business's 50 day moving average is $2.39 and its 200-day moving average is $1.88.
Tuya (NYSE:TUYA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million during the quarter, compared to analyst estimates of $81.40 million.
Institutional Investors Weigh In On Tuya
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Catalina Capital Group LLC acquired a new position in Tuya during the 4th quarter valued at $29,000. Boothbay Fund Management LLC raised its position in shares of Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after buying an additional 6,300 shares during the last quarter. Virtu Financial LLC acquired a new stake in Tuya during the fourth quarter worth about $40,000. Numerai GP LLC acquired a new stake in Tuya during the fourth quarter worth about $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Tuya by 157.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock valued at $52,000 after acquiring an additional 17,877 shares during the period. Institutional investors and hedge funds own 11.47% of the company's stock.
Tuya Company Profile
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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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