Shares of Tuya Inc. (NYSE:TUYA - Get Free Report) fell 5.8% on Thursday . The stock traded as low as $3.62 and last traded at $3.62. 478,221 shares traded hands during trading, a decline of 66% from the average session volume of 1,402,912 shares. The stock had previously closed at $3.84.
Tuya Stock Up 1.1 %
The stock has a market capitalization of $1.90 billion, a P/E ratio of -117.67 and a beta of 0.39. The firm's 50-day simple moving average is $3.05 and its 200 day simple moving average is $2.13.
Tuya (NYSE:TUYA - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $82.06 million during the quarter, compared to the consensus estimate of $81.40 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.
Tuya Announces Dividend
The company also recently disclosed a -- dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date is Thursday, March 13th. Tuya's payout ratio is 400.00%.
Institutional Trading of Tuya
A number of hedge funds have recently modified their holdings of the business. Boothbay Fund Management LLC raised its position in Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company's stock valued at $36,000 after buying an additional 6,300 shares during the period. Barclays PLC increased its holdings in shares of Tuya by 3.6% in the 3rd quarter. Barclays PLC now owns 270,843 shares of the company's stock valued at $447,000 after purchasing an additional 9,307 shares during the period. Sei Investments Co. increased its holdings in shares of Tuya by 37.5% in the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock valued at $105,000 after purchasing an additional 16,010 shares during the period. Catalina Capital Group LLC acquired a new position in shares of Tuya in the 4th quarter valued at about $29,000. Finally, Geode Capital Management LLC lifted its position in shares of Tuya by 14.5% in the third quarter. Geode Capital Management LLC now owns 133,150 shares of the company's stock worth $220,000 after purchasing an additional 16,821 shares in the last quarter. Hedge funds and other institutional investors own 11.47% of the company's stock.
About Tuya
(
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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