Tuya Inc. (NYSE:TUYA - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $1.83, but opened at $1.99. Tuya shares last traded at $1.91, with a volume of 2,038,280 shares changing hands.
Tuya Stock Performance
The company's 50 day moving average price is $1.65 and its 200-day moving average price is $1.62. The company has a market cap of $958.34 million, a price-to-earnings ratio of -63.33 and a beta of 0.45.
Institutional Investors Weigh In On Tuya
A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in Tuya during the second quarter valued at approximately $27,000. Centiva Capital LP acquired a new stake in Tuya in the 3rd quarter valued at approximately $63,000. Paloma Partners Management Co acquired a new stake in Tuya in the 3rd quarter worth $73,000. Quadrature Capital Ltd bought a new position in Tuya during the third quarter valued at about $92,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tuya in the 3rd quarter worth approximately $116,000. 11.47% of the stock is owned by institutional investors and hedge funds.
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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