Tuya (NYSE:TUYA) Issues Quarterly Earnings Results

Tuya (NYSE:TUYA) issued its earnings results on Wednesday. The company reported $0.02 earnings per share 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 Up 0.9 %

Shares of NYSE TUYA traded up $0.03 during mid-day trading on Wednesday, hitting $3.56. The company had a trading volume of 4,905,364 shares, compared to its average volume of 4,272,519. Tuya has a 1 year low of $1.28 and a 1 year high of $4.63. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -116.83 and a beta of 0.48. The stock’s 50-day moving average price is $2.36 and its 200-day moving average price is $1.86.

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.