Tuya Inc. (NYSE:TUYA – Get Free Report)’s stock price fell 6.5% on Tuesday . The stock traded as low as $1.59 and last traded at $1.66. 3,309,077 shares traded hands during mid-day trading, an increase of 989% from the average session volume of 303,783 shares. The stock had previously closed at $1.77.
Tuya Price Performance
The business’s 50 day moving average price is $1.59 and its 200-day moving average price is $1.75. The firm has a market capitalization of $801.98 million, a price-to-earnings ratio of -19.88 and a beta of 0.34.
Institutional Trading of Tuya
A number of institutional investors have recently modified their holdings of TUYA. Carmignac Gestion increased its position in shares of Tuya by 24.2% in the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock valued at $11,247,000 after buying an additional 952,100 shares in the last quarter. Acadian Asset Management LLC lifted its position in Tuya by 59.2% during the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock valued at $1,132,000 after buying an additional 247,592 shares in the last quarter. IvyRock Asset Management HK Ltd acquired a new position in shares of Tuya during the 4th quarter valued at $322,000. California Public Employees Retirement System boosted its position in shares of Tuya by 10.5% in the fourth quarter. California Public Employees Retirement System now owns 459,742 shares of the company’s stock worth $1,057,000 after buying an additional 43,778 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in Tuya in the 4th quarter worth approximately $73,000. 11.47% of the stock is currently owned by hedge funds and other 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.
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