Tuya (NYSE:TUYA) Stock Price Up 5% – What’s Next?

Tuya Inc. (NYSE:TUYA)’s stock price rose 5% during trading on Wednesday . The company traded as high as $3.88 and last traded at $3.90. Approximately 761,400 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 4,404,404 shares. The stock had previously closed at $3.71.

Tuya Stock Up 4.4 %

The company has a market capitalization of $2.09 billion, a P/E ratio of -129.17 and a beta of 0.39. The business has a 50 day moving average of $2.93 and a 200 day moving average of $2.09.

Tuya (NYSE:TUYA) last released its quarterly 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 net margin of 5.55% and a negative return on equity of 0.58%. The business had revenue of $82.06 million for the quarter, compared to analysts’ expectations of $81.40 million.

Tuya Announces Dividend

The business also recently announced a — dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.0608 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, March 13th. Tuya’s dividend payout ratio is currently 400.00%.

Institutional Trading of Tuya

Several hedge funds and other institutional investors have recently bought and sold shares of TUYA. Boothbay Fund Management LLC increased its position in Tuya by 46.0% during the fourth quarter. Boothbay Fund Management LLC now owns 20,000 shares of the company’s stock valued at $36,000 after acquiring an additional 6,300 shares during the last quarter. Barclays PLC boosted its stake in shares of Tuya by 3.6% during the 3rd quarter. Barclays PLC now owns 270,843 shares of the company’s stock worth $447,000 after purchasing an additional 9,307 shares during the period. Sei Investments Co. raised its position in 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 purchasing an additional 16,010 shares during the period. Catalina Capital Group LLC bought a new stake in Tuya in the fourth quarter worth about $29,000. Finally, Geode Capital Management LLC boosted its position in shares of Tuya by 14.5% during the third quarter. Geode Capital Management LLC now owns 133,150 shares of the company’s stock valued at $220,000 after buying an additional 16,821 shares during the period. Hedge funds and other institutional investors own 11.47% of the company’s stock.

About Tuya

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.