Tuya (NYSE:TUYA) Sets New 12-Month High – Here’s What Happened

Shares of Tuya Inc. (NYSE:TUYA) reached a new 52-week high on Monday . The company traded as high as $3.70 and last traded at $3.40, with a volume of 1514561 shares trading hands. The stock had previously closed at $3.52.

Tuya Price Performance

The stock’s 50-day simple moving average is $2.00 and its two-hundred day simple moving average is $1.71. The firm has a market cap of $1.79 billion, a P/E ratio of -111.50 and a beta of 0.48.

Institutional Trading of Tuya

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Tuya by 141.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company’s stock valued at $2,739,000 after buying an additional 896,605 shares during the last quarter. Jane Street Group LLC increased its stake in Tuya by 2,493.1% in the third quarter. Jane Street Group LLC now owns 691,655 shares of the company’s stock worth $1,141,000 after purchasing an additional 664,982 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Tuya during the third quarter worth $772,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tuya by 60.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company’s stock valued at $578,000 after purchasing an additional 132,200 shares during the period. Finally, Barclays PLC grew its holdings in shares of Tuya by 3.6% in the third quarter. Barclays PLC now owns 270,843 shares of the company’s stock worth $447,000 after purchasing an additional 9,307 shares during the last quarter. 11.47% of the stock is owned by hedge funds and other institutional investors.

Tuya Company Profile

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.