Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price traded up 9.8% during trading on Wednesday . The company traded as high as $3.48 and last traded at $3.30. 2,667,713 shares were traded during trading, a decline of 16% from the average session volume of 3,174,064 shares. The stock had previously closed at $3.00.
Tuya Trading Up 5.0 %
The firm has a market capitalization of $2.18 billion, a PE ratio of -135.83 and a beta of 0.48. The firm's fifty day moving average price is $2.29 and its 200 day moving average price is $1.83.
Hedge Funds Weigh In On Tuya
A number of institutional investors have recently modified their holdings of TUYA. Arrowstreet Capital Limited Partnership grew its holdings in Tuya by 497.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock worth $3,838,000 after acquiring an additional 1,784,940 shares during the period. Price T Rowe Associates Inc. MD purchased a new stake in Tuya in the 4th quarter worth approximately $2,292,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Tuya by 141.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock worth $2,739,000 after purchasing an additional 896,605 shares in the last quarter. Jane Street Group LLC grew its stake in shares of 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 purchasing an additional 664,982 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Tuya by 423.9% during the 4th quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock valued at $1,404,000 after purchasing an additional 634,849 shares in the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.
Tuya Company Profile
(
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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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