Tuya (NYSE:TUYA) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Tuya Inc. (NYSE:TUYA – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.79, but opened at $2.50. Tuya shares last traded at $2.44, with a volume of 792,260 shares traded.

Tuya Stock Performance

The firm has a fifty day simple moving average of $3.28 and a 200-day simple moving average of $2.24. The company has a market capitalization of $1.34 billion, a PE ratio of -82.80 and a beta of 0.43.

Tuya (NYSE:TUYA – Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Tuya had a negative return on equity of 0.58% and a negative net margin of 5.55%. The firm had revenue of $82.06 million for the quarter, compared to analyst estimates of $81.40 million.

Tuya Announces Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be given a $0.0608 dividend. The ex-dividend date is Thursday, March 13th. This represents a yield of 6.1%. Tuya’s dividend payout ratio (DPR) is presently 400.00%.

Institutional Investors Weigh In On Tuya

Several hedge funds have recently bought and sold shares of the company. Catalina Capital Group LLC acquired a new position in Tuya during the fourth quarter worth approximately $29,000. Boothbay Fund Management LLC raised its position in Tuya by 46.0% during the 4th quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock worth $36,000 after purchasing an additional 6,300 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tuya in the 4th quarter valued at $40,000. Numerai GP LLC acquired a new position in Tuya in the fourth quarter valued at approximately $41,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake 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 worth $52,000 after purchasing an additional 17,877 shares during the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

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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