Tuya Inc. (NYSE:TUYA - Get Free Report)'s share price fell 7.1% during trading on Friday . The company traded as low as $3.17 and last traded at $3.19. 935,778 shares changed hands during trading, a decline of 35% from the average session volume of 1,441,105 shares. The stock had previously closed at $3.43.
Tuya Stock Performance
The firm has a fifty day simple moving average of $3.23 and a two-hundred day simple moving average of $2.22. The firm has a market cap of $1.64 billion, a PE ratio of -101.17 and a beta of 0.39.
Tuya (NYSE:TUYA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.02 EPS 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 the consensus estimate of $81.40 million. Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%.
Tuya Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, March 13th. Tuya's dividend payout ratio is 400.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in TUYA. Arrowstreet Capital Limited Partnership lifted its stake in shares of Tuya by 497.0% in 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 during the last quarter. Millennium Management LLC raised its holdings in Tuya by 35.4% during the 4th quarter. Millennium Management LLC now owns 1,992,779 shares of the company's stock valued at $3,567,000 after buying an additional 521,515 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted 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 purchased a new position in Tuya during the fourth quarter worth $2,292,000. Finally, Marshall Wace LLP increased its position in Tuya by 1.8% during the fourth quarter. Marshall Wace LLP now owns 1,204,026 shares of the company's stock valued at $2,155,000 after acquiring an additional 21,424 shares during the last quarter. 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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