Tuya Inc. (NYSE:TUYA - Get Free Report) traded up 9.1% during mid-day trading on Friday . The stock traded as high as $3.83 and last traded at $3.75. 1,002,248 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 4,332,792 shares. The stock had previously closed at $3.44.
Tuya Stock Performance
The stock has a 50 day moving average of $2.71 and a 200-day moving average of $2.01. The company has a market cap of $2.10 billion, a PE ratio of -130.83 and a beta of 0.39.
Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings data 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 firm 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 Announces Dividend
The firm also recently disclosed a -- dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be paid a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya's payout ratio is currently 400.00%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TUYA. Catalina Capital Group LLC purchased a new stake in shares of Tuya in the fourth quarter valued at approximately $29,000. Boothbay Fund Management LLC grew 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 acquiring an additional 6,300 shares during the period. Virtu Financial LLC acquired a new position in Tuya during the fourth quarter worth $40,000. Numerai GP LLC purchased a new position in Tuya during the fourth quarter valued at $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position 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 valued at $52,000 after purchasing an additional 17,877 shares during the period. 11.47% of the stock is currently owned by hedge funds and other institutional investors.
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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