Tuya Inc. (NYSE:TUYA - Get Free Report) saw an uptick in trading volume on Thursday . 422,697 shares traded hands during trading, an increase of 33% from the previous session's volume of 317,920 shares.The stock last traded at $1.52 and had previously closed at $1.56.
Tuya Trading Down 3.5 %
The stock has a market cap of $759.11 million, a price-to-earnings ratio of -18.81 and a beta of 0.34. The business has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $1.74.
Tuya Announces Dividend
The company also recently declared a Variable dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 11th will be paid a $0.059 dividend. The ex-dividend date of this dividend is Wednesday, September 11th.
Institutional Investors Weigh In On Tuya
Institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System grew its position in shares of Tuya by 10.5% during the 4th quarter. California Public Employees Retirement System now owns 459,742 shares of the company's stock valued at $1,057,000 after buying an additional 43,778 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Tuya in the 4th quarter worth approximately $73,000. IvyRock Asset Management HK Ltd acquired a new position in Tuya during the 4th quarter valued at approximately $322,000. Carmignac Gestion boosted its position in Tuya by 24.2% during the 4th quarter. Carmignac Gestion now owns 4,890,200 shares of the company's stock valued at $11,247,000 after purchasing an additional 952,100 shares during the period. Finally, Acadian Asset Management LLC grew its stake in Tuya by 139.3% during the 1st quarter. Acadian Asset Management LLC now owns 418,138 shares of the company's stock worth $727,000 after buying an additional 243,423 shares during the last quarter. 11.47% of the stock is owned by institutional investors and hedge funds.
Tuya Company Profile
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Get Free Report)
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.
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