Tuya (NYSE:TUYA) Shares Gap Down to $1.84

Tuya Inc. (NYSE:TUYA)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $1.84, but opened at $1.75. Tuya shares last traded at $1.81, with a volume of 365,639 shares changing hands.

Tuya Trading Down 2.4 %

The business’s fifty day simple moving average is $1.50 and its two-hundred day simple moving average is $1.69. The stock has a market capitalization of $905.37 million, a P/E ratio of -23.00 and a beta of 0.36.

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

Tuya Announces Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tuya stock. XTX Topco Ltd purchased a new stake in Tuya Inc. (NYSE:TUYA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,783 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds 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.