Tuya Inc. (NYSE:TUYA - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,192,422 shares changed hands during mid-day trading, a decline of 26% from the previous session's volume of 2,969,400 shares.The stock last traded at $3.00 and had previously closed at $2.98.
Tuya Stock Performance
The company has a market cap of $2.18 billion, a PE ratio of -135.83 and a beta of 0.48. The firm has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $1.83.
Hedge Funds Weigh In On Tuya
Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC lifted its stake in shares of Tuya by 2,493.1% in the 3rd quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock valued at $1,141,000 after purchasing an additional 664,982 shares in the last quarter. XTX Topco Ltd lifted its stake in shares of Tuya by 204.5% in the 3rd quarter. XTX Topco Ltd now owns 48,062 shares of the company's stock valued at $79,000 after purchasing an additional 32,279 shares in the last quarter. Barclays PLC lifted its stake in shares of Tuya by 3.6% in the 3rd quarter. Barclays PLC now owns 270,843 shares of the company's stock valued at $447,000 after purchasing an additional 9,307 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Tuya in the 3rd quarter valued at about $772,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Tuya by 91.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company's stock valued at $1,046,000 after purchasing an additional 302,261 shares in the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.
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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