Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $1.61, but opened at $1.82. Tuya shares last traded at $1.74, with a volume of 1,198,816 shares.
Tuya Trading Up 8.4 %
The company has a market cap of $880.16 million, a PE ratio of -59.17 and a beta of 0.37. The business has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.65.
Tuya (NYSE:TUYA - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. Tuya had a negative return on equity of 0.65% and a negative net margin of 6.20%. The company had revenue of $73.28 million for the quarter, compared to analyst estimates of $69.36 million.
Tuya Dividend Announcement
The company also recently disclosed a Variable dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.059 per share. The ex-dividend date was Wednesday, September 11th.
Institutional Trading of Tuya
Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in Tuya in the 2nd quarter valued at $27,000. Centiva Capital LP purchased a new position in Tuya in the 3rd quarter valued at about $63,000. Paloma Partners Management Co purchased a new position in Tuya in the 3rd quarter valued at about $73,000. Quadrature Capital Ltd purchased a new position in Tuya in the 3rd quarter valued at about $92,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Tuya in the 3rd quarter valued at about $116,000. 11.47% of the stock is currently owned by institutional investors and hedge funds.
Tuya Company Profile
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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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