Shares of Tuya Inc. (NYSE:TUYA – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $3.94 and last traded at $3.90, with a volume of 14260085 shares traded. The stock had previously closed at $3.06.
Tuya Stock Performance
The business’s 50 day moving average is $2.24 and its 200 day moving average is $1.81.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Tuya by 91.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 633,686 shares of the company’s stock worth $1,046,000 after acquiring an additional 302,261 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 worth $578,000 after purchasing an additional 132,200 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tuya during the third quarter worth approximately $116,000. Paloma Partners Management Co purchased a new stake in shares of Tuya during the 3rd quarter worth approximately $73,000. Finally, Centiva Capital LP acquired a new position in shares of Tuya in the 3rd quarter valued at $63,000. 11.47% of the stock is owned by institutional investors and hedge funds.
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.
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