Tuya (NYSE:TUYA) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Tuya (NYSE:TUYA) posted its quarterly earnings data on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), Zacks reports. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya Trading Up 0.7 %

Tuya stock traded up $0.03 during trading on Wednesday, reaching $3.56. The company had a trading volume of 6,513,099 shares, compared to its average volume of 4,334,969. The firm’s 50-day simple moving average is $2.36 and its 200 day simple moving average is $1.86. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -118.50 and a beta of 0.48.

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.