XTX Topco Ltd Buys New Shares in Tuya Inc. (NYSE:TUYA)

XTX Topco Ltd bought a new stake in Tuya Inc. (NYSE:TUYA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,783 shares of the company’s stock, valued at approximately $27,000.

Separately, Acadian Asset Management LLC increased its position in shares of Tuya by 139.3% in the first quarter. Acadian Asset Management LLC now owns 418,138 shares of the company’s stock valued at $727,000 after acquiring an additional 243,423 shares during the last quarter. 11.47% of the stock is currently owned by hedge funds and other institutional investors.

Tuya Stock Performance

NYSE:TUYA opened at $1.84 on Thursday. The stock’s 50-day simple moving average is $1.50 and its 200 day simple moving average is $1.69. The company has a market cap of $928.07 million, a P/E ratio of -23.00 and a beta of 0.36. Tuya Inc. has a 52-week low of $1.28 and a 52-week high of $2.50.

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

Tuya Dividend Announcement

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

Tuya 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.