Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price gapped up prior to trading 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 traded.
Tuya Trading Up 16.7 %
The company's 50 day moving average is $2.63 and its 200-day moving average is $1.98. The company has a market capitalization of $2.15 billion, a P/E ratio of -133.83 and a beta of 0.39.
Tuya (NYSE:TUYA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) 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 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 Dividend Announcement
The firm also recently declared a -- dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be paid a $0.0608 dividend. The ex-dividend date is Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya's payout ratio is 400.00%.
Institutional Trading of Tuya
Several institutional investors have recently bought and sold shares of TUYA. Arrowstreet Capital Limited Partnership increased its stake in 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 purchasing an additional 1,784,940 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Tuya during the fourth quarter valued at approximately $2,292,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Tuya by 141.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,530,291 shares of the company's stock valued at $2,739,000 after buying an additional 896,605 shares during the period. Jane Street Group LLC lifted its holdings in Tuya by 2,493.1% during the third quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock valued at $1,141,000 after purchasing an additional 664,982 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Tuya by 423.9% during the fourth quarter. Two Sigma Investments LP now owns 784,622 shares of the company's stock valued at $1,404,000 after purchasing an additional 634,849 shares in the last quarter. 11.47% of the stock is owned by hedge funds and other institutional investors.
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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