Shares of Tuya Inc. (NYSE:TUYA - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $2.32, but opened at $2.56. Tuya shares last traded at $2.61, with a volume of 1,239,715 shares trading hands.
Tuya Stock Performance
The company has a market capitalization of $1.48 billion, a PE ratio of -91.17 and a beta of 0.46. The stock's 50 day moving average is $2.66 and its 200 day moving average is $2.38.
Tuya (NYSE:TUYA - Get Free Report) last posted 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). The firm had revenue of $82.06 million for 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 Announces Dividend
The company also recently announced a -- dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, March 13th were issued a dividend of $0.0608 per share. This represents a yield of 6.1%. The ex-dividend date of this dividend was Thursday, March 13th. Tuya's dividend payout ratio (DPR) is presently 400.00%.
Institutional Trading of Tuya
Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in Tuya by 497.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,144,103 shares of the company's stock worth $3,838,000 after acquiring an additional 1,784,940 shares during the period. Barclays PLC increased its holdings in shares of Tuya by 60.5% in the 4th quarter. Barclays PLC now owns 434,814 shares of the company's stock worth $778,000 after buying an additional 163,971 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Tuya in the 4th quarter worth $2,292,000. Pictet Asset Management Holding SA increased its holdings in shares of Tuya by 188.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 292,601 shares of the company's stock worth $524,000 after buying an additional 191,085 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Tuya by 37.5% in the 4th quarter. Sei Investments Co. now owns 58,726 shares of the company's stock worth $105,000 after buying an additional 16,010 shares during the last quarter. Institutional investors own 11.47% of the company's stock.
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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