Tuya (NYSE:TUYA) Shares Gap Down - Time to Sell?

Tuya Inc. (NYSE:TUYA - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.79, but opened at $2.50. Tuya shares last traded at $2.44, with a volume of 792,260 shares.

Tuya Stock Up 4.1 %

The company's 50-day moving average is $3.27 and its 200 day moving average is $2.27. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -71.83 and a beta of 0.43.

Tuya (NYSE:TUYA - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $81.40 million. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.

Tuya Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0608 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, March 13th. Tuya's payout ratio is 400.00%.

Institutional Investors Weigh In On Tuya

A number of institutional investors have recently added to or reduced their stakes in TUYA. Catalina Capital Group LLC purchased a new position in Tuya during the fourth quarter valued at $29,000. Boothbay Fund Management LLC lifted its stake in Tuya by 46.0% in the 4th 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 in the last quarter. Virtu Financial LLC purchased a new stake in Tuya during the 4th quarter worth approximately $40,000. Numerai GP LLC purchased a new position in shares of Tuya in the fourth quarter valued at approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Tuya by 157.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock worth $52,000 after acquiring an additional 17,877 shares during the last quarter. Institutional investors and hedge funds own 11.47% of the company's stock.

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.