Tuya (NYSE:TUYA) Shares Down 2.2%

Tuya Inc. (NYSE:TUYA)’s stock price fell 2.2% during trading on Wednesday . The stock traded as low as $1.35 and last traded at $1.35. 10,626 shares were traded during mid-day trading, a decline of 97% from the average session volume of 340,609 shares. The stock had previously closed at $1.38.

Tuya Price Performance

The stock has a market cap of $741.45 million, a P/E ratio of -18.38 and a beta of 0.35. The company’s 50 day simple moving average is $1.51 and its 200 day simple moving average is $1.71.

Tuya (NYSE:TUYA) last issued its quarterly earnings data on Monday, August 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Tuya had a negative net margin of 6.20% and a negative return on equity of 0.65%. The company had revenue of $73.28 million during the quarter, compared to the consensus estimate of $69.36 million.

Tuya Announces Dividend

The business also recently disclosed a Variable dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.059 per share. The ex-dividend date of this dividend is Wednesday, September 11th.

Institutional Investors Weigh In On Tuya

Several large investors have recently made changes to their positions in the stock. Carmignac Gestion increased its position in shares of Tuya by 24.2% during the fourth quarter. Carmignac Gestion now owns 4,890,200 shares of the company’s stock worth $11,247,000 after acquiring an additional 952,100 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Tuya by 59.2% during the second quarter. Acadian Asset Management LLC now owns 665,730 shares of the company’s stock worth $1,132,000 after acquiring an additional 247,592 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Tuya during the fourth quarter worth $73,000. Finally, XTX Topco Ltd bought a new stake in shares of Tuya during the second quarter worth $27,000. Institutional investors own 11.47% of the company’s stock.

Tuya Company Profile

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.