Shares of Tuya Inc. (NYSE:TUYA - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $1.95, but opened at $2.01. Tuya shares last traded at $1.99, with a volume of 118,650 shares traded.
Tuya Price Performance
The stock's 50-day moving average price is $3.08 and its 200 day moving average price is $2.29. The firm has a market capitalization of $1.07 billion, a PE ratio of -65.83 and a beta of 0.43.
Tuya (NYSE:TUYA - Get Free Report) last issued its earnings results 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). Tuya had a negative net margin of 5.55% and a negative return on equity of 0.58%. The firm had revenue of $82.06 million for the quarter, compared to the consensus estimate of $81.40 million.
Tuya Dividend Announcement
The firm also recently declared a -- dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th were issued a $0.0608 dividend. The ex-dividend date was Thursday, March 13th. This represents a dividend yield of 6.1%. Tuya's dividend payout ratio is currently 400.00%.
Hedge Funds Weigh In On Tuya
Large investors have recently bought and sold shares of the business. Catalina Capital Group LLC bought a new position in shares of Tuya in the 4th quarter worth $29,000. Boothbay Fund Management LLC boosted its holdings in shares of 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 buying an additional 6,300 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Tuya in the 4th quarter valued at about $40,000. Numerai GP LLC purchased a new position in shares of Tuya in the 4th quarter worth approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tuya by 157.9% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,200 shares of the company's stock worth $52,000 after acquiring an additional 17,877 shares in the last quarter. Institutional investors own 11.47% of the company's stock.
About Tuya
(
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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