Tuya (NYSE:TUYA) Announces Quarterly Earnings Results

Tuya (NYSE:TUYA) released its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01), Zacks reports. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.

Tuya Stock Down 0.8 %

Shares of TUYA opened at $3.54 on Thursday. The stock’s 50-day moving average price is $2.39 and its 200-day moving average price is $1.88. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -117.97 and a beta of 0.48. Tuya has a 52 week low of $1.28 and a 52 week high of $4.63.

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.