Tuya (NYSE:TUYA) Stock Price Down 5%

Shares of Tuya Inc. (NYSE:TUYA) traded down 5% on Friday . The stock traded as low as $1.71 and last traded at $1.71. 919 shares changed hands during trading, a decline of 100% from the average session volume of 398,842 shares. The stock had previously closed at $1.80.

Tuya Stock Up 3.5 %

The company has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.71. The stock has a market capitalization of $894.54 million, a P/E ratio of -9.83 and a beta of -0.05.

Tuya (NYSE:TUYA) last posted its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $57.00 million for the quarter. Tuya had a negative return on equity of 9.55% and a negative net margin of 51.31%. As a group, equities analysts forecast that Tuya Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of Tuya

Several hedge funds and other institutional investors have recently modified their holdings of TUYA. Hsbc Holdings PLC raised its stake in shares of Tuya by 66.7% in the 3rd quarter. Hsbc Holdings PLC now owns 22,476 shares of the company’s stock valued at $35,000 after purchasing an additional 8,996 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Tuya in the 4th quarter valued at about $36,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Tuya in the 2nd quarter valued at about $38,000. Envestnet Asset Management Inc. acquired a new stake in shares of Tuya in the 3rd quarter valued at about $50,000. Finally, American Century Companies Inc. raised its stake in shares of Tuya by 71.4% in the 1st quarter. American Century Companies Inc. now owns 29,178 shares of the company’s stock valued at $56,000 after purchasing an additional 12,155 shares during the period. Institutional investors and hedge funds own 5.54% of the company’s stock.

About Tuya

Tuya Inc offers Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides IoT platform-as-a-service that enables brands, original equipment manufacturers, 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.