Tuya (NYSE:TUYA) Posts Earnings Results, Misses Estimates By $0.01 EPS

Tuya (NYSE:TUYA) issued its earnings results 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 Performance

TUYA traded up $0.03 during mid-day trading on Wednesday, reaching $3.56. 4,905,364 shares of the stock were exchanged, 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 stock has a market capitalization of $1.90 billion, a PE ratio of -116.83 and a beta of 0.48. The company has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $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.