Tuya Inc. (NYSE:TUYA - Get Free Report) dropped 4.9% during trading on Tuesday . The company traded as low as $3.14 and last traded at $3.04. Approximately 1,678,516 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 2,611,765 shares. The stock had previously closed at $3.19.
Tuya Stock Performance
The firm has a market capitalization of $1.71 billion, a P/E ratio of -106.67 and a beta of 0.48. The firm has a 50-day moving average of $2.06 and a 200-day moving average of $1.73.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of TUYA. Arrowstreet Capital Limited Partnership lifted its position in shares of Tuya by 497.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock worth $3,838,000 after purchasing an additional 1,784,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Tuya by 141.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock valued at $2,739,000 after purchasing an additional 896,605 shares during the last quarter. 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 valued at $1,141,000 after acquiring an additional 664,982 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Tuya during the third quarter worth $772,000. Finally, Pictet Asset Management Holding SA grew its position in shares of Tuya by 188.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 292,601 shares of the company's stock valued at $524,000 after acquiring an additional 191,085 shares during the period. 11.47% of the stock is currently owned by institutional investors.
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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