Tuya Inc. (NYSE:TUYA - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $1.67, but opened at $1.75. Tuya shares last traded at $1.62, with a volume of 250,242 shares trading hands.
Tuya Stock Down 2.4 %
The company has a market capitalization of $822.15 million, a PE ratio of -54.33 and a beta of 0.42. The firm's 50-day moving average is $1.71 and its 200-day moving average is $1.61.
Institutional Investors Weigh In On Tuya
Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in Tuya by 2,493.1% in the third quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock worth $1,141,000 after buying an additional 664,982 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Tuya by 59.2% in the 2nd quarter. Acadian Asset Management LLC now owns 665,730 shares of the company's stock valued at $1,132,000 after purchasing an additional 247,592 shares during the period. 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 during the period. Y Intercept Hong Kong Ltd purchased a new stake in Tuya in the third quarter worth $772,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Tuya by 60.7% in 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 in the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.
Tuya Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Tuya, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tuya wasn't on the list.
While Tuya currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
