Tuya (NYSE:TUYA) Hits New 12-Month Low at $1.40

Shares of Tuya Inc. (NYSE:TUYA) reached a new 52-week low during trading on Monday . The company traded as low as $1.40 and last traded at $1.43, with a volume of 60541 shares trading hands. The stock had previously closed at $1.49.

Tuya Stock Up 3.5 %

The business’s 50-day moving average price is $1.69 and its 200 day moving average price is $1.78. The company has a market capitalization of $736.41 million, a P/E ratio of -17.63 and a beta of 0.34.

Tuya (NYSE:TUYA) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Tuya had a negative net margin of 17.53% and a negative return on equity of 2.82%. The company had revenue of $61.66 million during the quarter, compared to analyst estimates of $54.66 million. Analysts anticipate that Tuya Inc. will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Tuya

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Carmignac Gestion raised its stake in 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 purchasing an additional 952,100 shares in the last quarter. Acadian Asset Management LLC raised its stake in Tuya by 59.2% in the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock valued at $1,132,000 after purchasing an additional 247,592 shares in the last quarter. California Public Employees Retirement System raised its stake in Tuya by 10.5% in the fourth quarter. California Public Employees Retirement System now owns 459,742 shares of the company’s stock valued at $1,057,000 after purchasing an additional 43,778 shares in the last quarter. IvyRock Asset Management HK Ltd purchased a new stake in Tuya in the fourth quarter valued at approximately $322,000. Finally, Russell Investments Group Ltd. purchased a new stake in Tuya in the fourth quarter valued at approximately $73,000. 11.47% of the stock is owned by hedge funds and other institutional investors.

About Tuya

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.