Connor Clark & Lunn Investment Management Ltd. Purchases 302,261 Shares of Tuya Inc. (NYSE:TUYA)

Connor Clark & Lunn Investment Management Ltd. increased its position in Tuya Inc. (NYSE:TUYA) by 91.2% during the 3rd quarter, Holdings Channel reports. The firm owned 633,686 shares of the company’s stock after acquiring an additional 302,261 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tuya were worth $1,046,000 at the end of the most recent quarter.

Separately, XTX Topco Ltd bought a new stake in Tuya during the 2nd quarter valued at $27,000. Institutional investors own 11.47% of the company’s stock.

Tuya Trading Up 3.7 %

Shares of NYSE TUYA opened at $1.66 on Thursday. The stock has a market capitalization of $837.29 million, a PE ratio of -55.33 and a beta of 0.37. The stock’s fifty day simple moving average is $1.60 and its two-hundred day simple moving average is $1.64. Tuya Inc. has a 12-month low of $1.28 and a 12-month high of $2.50.

Tuya (NYSE:TUYA) last announced its earnings results on Monday, August 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $73.28 million for the quarter, compared to analysts’ expectations of $69.36 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.

Tuya 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.