Tuya (NYSE:TUYA) Hits New 1-Year High – Should You Buy?

Tuya Inc. (NYSE:TUYA) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.41 and last traded at $2.40, with a volume of 1696293 shares traded. The stock had previously closed at $2.33.

Tuya Price Performance

The firm has a fifty day moving average of $1.85 and a two-hundred day moving average of $1.65. The stock has a market capitalization of $1.26 billion, a P/E ratio of -83.50 and a beta of 0.42.

Institutional Investors Weigh In On Tuya

Large investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Tuya during the second quarter valued at approximately $27,000. Catalina Capital Group LLC bought a new stake in Tuya during the 4th quarter valued at $29,000. Centiva Capital LP bought a new position in shares of Tuya in the 3rd quarter worth $63,000. Paloma Partners Management Co purchased a new stake in shares of Tuya during the 3rd quarter worth $73,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Tuya during the 3rd quarter worth $92,000. Institutional investors own 11.47% of the company’s stock.

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.