Tuya (NYSE:TUYA) Shares Gap Down to $1.68

Shares of Tuya Inc. (NYSE:TUYA) gapped down before the market opened on Tuesday . The stock had previously closed at $1.68, but opened at $1.59. Tuya shares last traded at $1.68, with a volume of 65,944 shares.

Tuya Trading Up 3.2 %

The stock has a market capitalization of $907.18 million, a P/E ratio of -9.97 and a beta of -0.05. The stock has a 50 day moving average of $1.60 and a 200-day moving average of $1.72.

Tuya (NYSE:TUYA) last issued its quarterly earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) 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%. Research analysts anticipate that Tuya Inc. will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Tuya

A number of institutional investors and hedge funds have recently bought and sold shares of TUYA. Hsbc Holdings PLC increased its holdings 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 acquiring an additional 8,996 shares during the period. Alpine Global Management LLC purchased a new position in shares of Tuya in the 4th quarter valued at $36,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Tuya in the 2nd quarter valued at $38,000. Envestnet Asset Management Inc. purchased a new position in shares of Tuya in the 3rd quarter valued at $50,000. Finally, American Century Companies Inc. increased its holdings 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 acquiring an additional 12,155 shares during the period. 5.54% of the stock is owned by institutional investors.

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.