Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.52, but opened at $3.70. Tuya shares last traded at $3.44, with a volume of 907,177 shares.
Tuya Stock Performance
The stock has a market cap of $2.15 billion, a PE ratio of -133.83 and a beta of 0.39. The business has a 50 day moving average price of $2.63 and a two-hundred day moving average price of $1.98.
Tuya (NYSE:TUYA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $82.06 million during the quarter, compared to analysts' expectations of $81.40 million. Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%.
Tuya Dividend Announcement
The business also recently declared a -- dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be given a dividend of $0.0608 per share. The ex-dividend date is Thursday, March 13th. This represents a yield of 6.1%. Tuya's payout ratio is currently 400.00%.
Institutional Trading of Tuya
Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Tuya by 497.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock valued at $3,838,000 after acquiring an additional 1,784,940 shares during the period. Millennium Management LLC grew its holdings in Tuya by 35.4% during the fourth quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock valued at $3,567,000 after purchasing an additional 521,515 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Tuya by 141.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock worth $2,739,000 after buying an additional 896,605 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Tuya in the fourth quarter valued at $2,292,000. Finally, Marshall Wace LLP raised its stake in shares of Tuya by 1.8% in the fourth quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock valued at $2,155,000 after buying an additional 21,424 shares during the period. Hedge funds and other institutional investors own 11.47% of the company's stock.
About Tuya
(
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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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