Investors Purchase Large Volume of Call Options on Tuya (NYSE:TUYA)

Tuya Inc. (NYSE:TUYA - Get Free Report) was the target of unusually large options trading activity on Tuesday. Investors bought 6,459 call options on the company. This is an increase of approximately 637% compared to the typical daily volume of 876 call options.

Tuya Stock Down 7.7 %

Shares of TUYA stock traded down $0.29 during trading on Friday, reaching $3.40. The company's stock had a trading volume of 4,265,590 shares, compared to its average volume of 4,438,644. The business has a fifty day moving average price of $2.46 and a 200-day moving average price of $1.90. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -113.17 and a beta of 0.48. Tuya has a one year low of $1.28 and a one year high of $4.63.

Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The firm had revenue of $82.06 million for the quarter, compared to the consensus estimate of $81.40 million.

Institutional Trading of Tuya

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in Tuya by 88.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 249,459 shares of the company's stock worth $447,000 after acquiring an additional 117,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Tuya by 60.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 560,101 shares of the company's stock valued at $1,003,000 after purchasing an additional 209,985 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Tuya in the fourth quarter valued at $341,000. Two Sigma Advisers LP grew its stake in shares of Tuya by 250.7% in the fourth quarter. Two Sigma Advisers LP now owns 404,300 shares of the company's stock valued at $724,000 after acquiring an additional 289,000 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Tuya by 423.9% in the fourth quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock valued at $1,404,000 after acquiring an additional 634,849 shares in the last quarter. 11.47% of the stock is owned by institutional investors.

Tuya Company Profile

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.