Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price hit a new 52-week high on Friday . The stock traded as high as $3.94 and last traded at $3.90, with a volume of 14260085 shares changing hands. The stock had previously closed at $3.06.
Tuya Trading Down 5.2 %
The company has a market cap of $1.88 billion, a price-to-earnings ratio of -117.50 and a beta of 0.48. The stock has a 50-day simple moving average of $2.32 and a 200-day simple moving average of $1.85.
Institutional Investors Weigh In On Tuya
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Tuya by 88.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company's stock worth $447,000 after acquiring an additional 117,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Tuya by 60.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 560,101 shares of the company's stock valued at $1,003,000 after purchasing an additional 209,985 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Tuya in the 4th quarter valued at $341,000. Two Sigma Advisers LP increased its stake in Tuya by 250.7% in the 4th quarter. Two Sigma Advisers LP now owns 404,300 shares of the company's stock worth $724,000 after purchasing an additional 289,000 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Tuya by 423.9% during the 4th quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock worth $1,404,000 after buying an additional 634,849 shares during the period. 11.47% of the stock is currently owned by institutional investors.
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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