Tuya (NYSE:TUYA) Trading Down 8.1%

Shares of Tuya Inc. (NYSE:TUYAGet Rating) traded down 8.1% during trading on Wednesday . The stock traded as low as $1.54 and last traded at $1.54. 64,709 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 941,665 shares. The stock had previously closed at $1.67.

Tuya Price Performance

The stock has a market capitalization of $771.19 million, a PE ratio of -4.67 and a beta of -1.15. The company has a current ratio of 12.60, a quick ratio of 11.86 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $3.12.

Tuya (NYSE:TUYAGet Rating) last released its earnings results on Tuesday, June 14th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $55.32 million during the quarter, compared to analysts’ expectations of $54.01 million. Tuya had a negative return on equity of 16.65% and a negative net margin of 63.17%. During the same period in the previous year, the firm posted ($0.15) earnings per share. On average, equities analysts anticipate that Tuya Inc. will post -0.3 earnings per share for the current year.

Institutional Trading of Tuya

A number of institutional investors have recently added to or reduced their stakes in TUYA. Cibc World Markets Corp acquired a new stake in shares of Tuya during the fourth quarter valued at about $164,000. SPRINGS CAPITAL HONG KONG Ltd acquired a new stake in Tuya during the 4th quarter valued at approximately $1,750,000. Hel Ved Capital Management Ltd acquired a new stake in Tuya during the 4th quarter valued at approximately $7,115,000. SG Americas Securities LLC acquired a new position in shares of Tuya in the 4th quarter worth approximately $860,000. Finally, Centiva Capital LP acquired a new position in shares of Tuya in the 2nd quarter worth approximately $86,000. 9.05% of the stock is owned by hedge funds and other institutional investors.

About Tuya

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Tuya Inc develops Internet of Things (IoT) cloud platform worldwide. The company provides IoT Platform-as-a-Service that enables brands, original equipment manufacturers, and developers to develop, launch, manage, and monetize smart devices and services; industry Software-as-a-Service, which enables businesses to deploy, connect, and manage various types of smart devices.

Further Reading

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