Tuya Inc. (NYSE:TUYA - Get Free Report) shares fell 7.1% during trading on Monday . The company traded as low as $2.01 and last traded at $2.30. 1,746,437 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,988,735 shares. The stock had previously closed at $2.47.
Tuya Stock Down 0.2 %
The stock has a 50-day simple moving average of $3.23 and a two-hundred day simple moving average of $2.28. The firm has a market cap of $1.09 billion, a PE ratio of -67.17 and a beta of 0.43.
Tuya (NYSE:TUYA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $82.06 million for the quarter, compared to analysts' expectations of $81.40 million. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.
Tuya Announces Dividend
The firm also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be given a $0.0608 dividend. This represents a yield of 6.1%. The ex-dividend date of this dividend is Thursday, March 13th. Tuya's payout ratio is presently 400.00%.
Institutional Trading of Tuya
Several institutional investors have recently added to or reduced their stakes in TUYA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Tuya by 60.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 350,116 shares of the company's stock valued at $578,000 after acquiring an additional 132,200 shares during the last quarter. Centiva Capital LP bought a new stake in Tuya in the third quarter valued at approximately $63,000. Quadrature Capital Ltd purchased a new stake in shares of Tuya during the third quarter valued at approximately $92,000. Jane Street Group LLC grew its holdings in shares of Tuya by 2,493.1% in the third quarter. Jane Street Group LLC now owns 691,655 shares of the company's stock worth $1,141,000 after purchasing an additional 664,982 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in shares of Tuya by 204.5% in the third quarter. XTX Topco Ltd now owns 48,062 shares of the company's stock worth $79,000 after buying an additional 32,279 shares during the period. 11.47% of the stock is currently owned by hedge funds and other institutional investors.
Tuya Company Profile
(
Get Free Report)
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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