Tuya Inc. (NYSE:TUYA - Get Free Report) shares rose 6.6% during trading on Tuesday . The stock traded as high as $1.72 and last traded at $1.71. Approximately 163,577 shares changed hands during trading, a decline of 66% from the average daily volume of 483,056 shares. The stock had previously closed at $1.60.
Tuya Trading Up 7.8 %
The stock has a market cap of $870.07 million, a P/E ratio of -57.50 and a beta of 0.42. The business has a 50-day simple moving average of $1.71 and a 200 day simple moving average of $1.61.
Hedge Funds Weigh In On Tuya
Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in Tuya by 2,493.1% during the 3rd quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock worth $1,141,000 after acquiring an additional 664,982 shares during the period. Acadian Asset Management LLC boosted its position in shares of Tuya by 59.2% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Tuya by 91.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company's stock worth $1,046,000 after purchasing an additional 302,261 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Tuya in the third quarter worth approximately $772,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 valued at $578,000 after buying an additional 132,200 shares during the period. Institutional investors own 11.47% of the company's stock.
About Tuya
(
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.
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