Tuya Inc. (NYSE:TUYA - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 4,745,058 shares traded hands during mid-day trading, an increase of 125% from the previous session's volume of 2,107,864 shares.The stock last traded at $3.55 and had previously closed at $3.40.
Tuya Stock Performance
The company has a market cap of $1.70 billion, a price-to-earnings ratio of -105.80 and a beta of 0.48. The firm has a fifty day moving average price of $2.03 and a 200 day moving average price of $1.72.
Institutional Investors Weigh In On Tuya
Several hedge funds have recently added to or reduced their stakes in TUYA. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Tuya by 141.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock worth $2,739,000 after purchasing an additional 896,605 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Tuya by 2,493.1% during the third quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock worth $1,141,000 after purchasing an additional 664,982 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Tuya during the third quarter worth about $772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Tuya by 60.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company's stock worth $578,000 after purchasing an additional 132,200 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Tuya by 3.6% in the third quarter. Barclays PLC now owns 270,843 shares of the company's stock valued at $447,000 after acquiring an additional 9,307 shares during the last quarter. Institutional investors and hedge funds own 11.47% of the company's stock.
About Tuya
(
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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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