Tuya (NYSE:TUYA) Posts Quarterly Earnings Results

Tuya (NYSE:TUYA) posted its quarterly earnings results 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 Down 0.8 %

Shares of NYSE TUYA opened at $3.54 on Thursday. The stock has a market capitalization of $1.89 billion, a PE ratio of -117.97 and a beta of 0.48. Tuya has a 12-month low of $1.28 and a 12-month high of $4.63. The stock’s fifty day simple moving average is $2.39 and its two-hundred day simple moving average is $1.88.

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.