Tuya (NYSE:TUYA) Hits New 52-Week High – What’s Next?

Tuya Inc. (NYSE:TUYA)’s share price reached a new 52-week high on Thursday . The stock traded as high as $2.20 and last traded at $2.16, with a volume of 384718 shares changing hands. The stock had previously closed at $2.10.

Tuya Trading Up 4.0 %

The firm has a market capitalization of $1.10 billion, a PE ratio of -72.83 and a beta of 0.42. The company has a fifty day moving average price of $1.76 and a two-hundred day moving average price of $1.62.

Institutional Trading of Tuya

Several institutional investors and hedge funds have recently made changes to their positions in TUYA. Barclays PLC increased its position in Tuya by 3.6% in the 3rd quarter. Barclays PLC now owns 270,843 shares of the company’s stock valued at $447,000 after acquiring an additional 9,307 shares during the period. XTX Topco Ltd acquired a new position in Tuya in the 2nd quarter valued at about $27,000. Geode Capital Management LLC increased its position in Tuya by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 133,150 shares of the company’s stock valued at $220,000 after acquiring an additional 16,821 shares during the period. Centiva Capital LP acquired a new position in Tuya in the 3rd quarter valued at about $63,000. Finally, Paloma Partners Management Co acquired a new position in Tuya in the 3rd quarter valued at about $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.