Tuya (TUYA) to Release Earnings on Tuesday

Tuya (NYSE:TUYAGet Free Report) will be announcing its earnings results after the market closes on Tuesday, November 28th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Tuya (NYSE:TUYAGet Free Report) last announced its quarterly earnings results on Wednesday, August 23rd. The company reported ($0.03) EPS for the quarter. Tuya had a negative net margin of 51.31% and a negative return on equity of 9.55%. The company had revenue of $57.00 million during the quarter. On average, analysts expect Tuya to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Tuya Stock Up 1.1 %

Shares of NYSE:TUYA opened at $1.79 on Tuesday. The company’s 50 day moving average price is $1.60 and its two-hundred day moving average price is $1.71. Tuya has a 12-month low of $0.99 and a 12-month high of $3.12. The firm has a market cap of $904.65 million, a PE ratio of -9.94 and a beta of -0.05.

Hedge Funds Weigh In On Tuya

Large investors have recently modified their holdings of the business. Hsbc Holdings PLC grew its holdings in Tuya by 66.7% in the third quarter. Hsbc Holdings PLC now owns 22,476 shares of the company’s stock worth $35,000 after purchasing an additional 8,996 shares during the period. Alpine Global Management LLC acquired a new stake in Tuya in the fourth quarter worth $36,000. Y Intercept Hong Kong Ltd acquired a new stake in Tuya in the second quarter worth $38,000. Envestnet Asset Management Inc. acquired a new stake in Tuya in the third quarter worth $50,000. Finally, American Century Companies Inc. grew its holdings in shares of Tuya by 71.4% during the first quarter. American Century Companies Inc. now owns 29,178 shares of the company’s stock valued at $56,000 after buying an additional 12,155 shares during the last quarter. Institutional investors own 5.54% of the company’s stock.

Tuya Company Profile

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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.

Further Reading

Earnings History for Tuya (NYSE:TUYA)

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